We expect HE to trend downwards later today. Based on these past United States ISM Non-Manufacturing PMI news events there is a 80% chance of this. We expect this to happen if the released value is < 55.5. A price movement of 531 pips is expected. Historical events that allowed us to draw this conclusion
03 Jun 14:00 |
05 Apr 14:00 |
03 Mar 15:00 |
06 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
