Based on the last 12 ISM Manufacturing PMI events in United States, we expect YM to trend downwards later today. Based on these past events there is a 75% chance of this. We expect YM to trend downwards 12 hours following the event release at 01 Jul 14:00 if the released value is < 61. A price movement of 29,850 pips is expected. Historical events that allowed us to draw this conclusion
03 May 14:00 |
01 Dec 15:00 |
01 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
