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We may be expecting a $9.043 movement on SB within 12 hours following the event release at 02 May 14:00.

Based on the last 12 ISM Manufacturing PMI events in United States, a $9.043 movement could occur on SB within 12 hours following the event release at 02 May 14:00. We expect SB to trend downwards 12 hours following the event release at 02 May 14:00 if the released value is > 57.6

Historical events that allowed us to draw this conclusion

01 Feb 15:00
01 Dec 15:00
01 Nov 14:00
01 Oct 14:00
01 Jun 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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