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We expect a $3281 movement on USDCHF within 48 hours following the release of ISM Manufacturing PMI.

Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 284 pip movement on USDCHF within 48 hours following the event release at 2024-11-01 14:00. We expect USDCHF to trend downwards 48 hours following the event release at 2024-11-01 14:00 if the released value is < 47.6 Historical events that allowed us to draw this conclusion

03 Sep 14:00
01 Aug 14:00
01 Jul 14:00
03 Jun 14:00
01 May 14:00
01 Mar 15:00
01 Nov 14:00

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

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