Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 170 pip movement on GF within 2 hours following the event release at 2023-05-03 14:00. We expect GF to trend upwards 2 hours following the event release at 2023-05-03 14:00 if the released value is > 51.8
Historical events that allowed us to draw this conclusion
03 Mar 15:00 |
03 Feb 15:00 |
05 Dec 15:00 |
05 Oct 14:00 |
06 Sep 14:00 |
03 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
