Based on the last 12 ISM Manufacturing PMI events in United States, we expect KW to trend downwards later today. Based on these past events there is a 75% chance of this. We expect KW to trend downwards 48 hours following the event release at 01 Jul 14:00 if the released value is > 61. A price movement of 1,975 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 14:00 |
01 Apr 14:00 |
05 Jan 15:00 |
01 Sep 14:00 |
03 Aug 14:00 |
01 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
