Based on past United States ISM Manufacturing PMI news events there is a 75% chance of KC trending downwards. We expect this to happen if the released value is < 47.5. A price movement of 369 pips is expected. Historical events that allowed us to draw this conclusion
01 Feb 15:00 |
04 Jan 15:00 |
01 Dec 15:00 |
03 Oct 14:00 |
01 Jul 14:00 |
02 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
