Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $130 movement on AUDUSD within 12 hours following the event release at 01 Aug 14:00. We expect AUDUSD to trend downwards 12 hours following the event release at 01 Aug 14:00 if the released value is > 52
Historical events that allowed us to draw this conclusion
01 Jul 14:00 |
01 Apr 14:00 |
01 Feb 15:00 |
03 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
