Based on the last 12 ISM Manufacturing PMI events in United States, we expect C to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect C to trend downwards 4 hours following the event release at 2023-10-02 14:00 if the released value is > 47.8. A price movement of 212 pips is expected.
Historical events that allowed us to draw this conclusion
01 Sep 14:00 |
01 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
