Based on the last 12 ISM Manufacturing PMI events in United States, we expect ZR to trend upwards. Based on these past events there is a 75% chance of this. We expect ZR to trend upwards for 48 hours because the released value is < 50.1. A price movement of 110 pips is expected. Historical events that allowed us to draw this conclusion
03 Sep 14:00 |
03 Jun 14:00 |
01 May 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”).
