Based on the last 12 ISM Manufacturing PMI events in United States, we expect NKD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect NKD to trend upwards for the next 12 hours because the released value is > 60.9. A price movement of 22,500 pips is expected.
Historical events that allowed us to draw this conclusion
01 Apr 14:00 |
02 Nov 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”).
