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We expect LE to trend downwards today with a 71.43% chance.

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”).

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Trade of the Day: USD/CAD

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We expect GBPUSD to trend upwards today with a 80% chance.

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