Based on the last 12 ISM Manufacturing PMI events in United States, we expect KW to trend upwards later today. Based on these past events there is a 75% chance of this. We expect KW to trend upwards 48 hours following the event release at 01 Feb 15:00 if the released value is < 60. A price movement of 1,012 pips is expected. Historical events that allowed us to draw this conclusion
01 Dec 15:00 |
01 Oct 14:00 |
02 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
