Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 1110 pip movement on GC within 2 hours following the event release at 2024-04-01 14:00. We expect GC to trend downwards 2 hours following the event release at 2024-04-01 14:00 if the released value is > 48.4
Historical events that allowed us to draw this conclusion
03 Jan 15:00 |
02 Oct 14:00 |
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”).
