We expect LE to trend downwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 71.43% chance of this. We expect this to happen if the released value is < 51.1. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion
01 Aug 14:00 |
03 Jun 14:00 |
01 Mar 15:00 |
03 Jan 15:00 |
01 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
