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We expect KW to trend downwards today.

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”).

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