We expect YM to trend upwards for the next 2 hours. Based on these past United States ISM Manufacturing PMI news events there is a 75% chance of this. We expect this to happen because the released value is > 61.3. A price movement of 11,850 pips is expected.
Historical events that allowed us to draw this conclusion
01 Mar 15:00 |
05 Jan 15:00 |
02 Nov 15:00 |
01 Sep 14:00 |
03 Aug 14:00 |
01 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
