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There is a 75% chance of 6S trending upwards

Based on past United States ISM Manufacturing PMI news events there is a 75% chance of 6S trending upwards. We expect this to happen if the released value is < 48.9. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

01 Oct 14:00
03 Sep 14:00
01 Aug 14:00
03 Jun 14:00
01 May 14:00
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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We expect a 28 pip movement on NZDUSD within 2 hours following the event release.

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