Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 1700 pip movement on KW for the next 4 hours. KW could trend downwards for 4 hours because the released value is < 49.6 Historical events that allowed us to draw this conclusion
01 May 14:00 |
01 Mar 15:00 |
01 Aug 14:00 |
03 Jul 14:00 |
01 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
