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We expect YM to trend downwards today.

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”).

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JPN225 is quickly approaching 28800.0000. We expect either a breakout through this line, or a rebound.

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