Based on the last 12 ISM Manufacturing PMI events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 12 hours following the event release at 2022-10-03 14:00 if the released value is < 52.2. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
01 Jul 14:00 |
01 Apr 14:00 |
04 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
