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We expect a 28 pip movement on NZDUSD within 2 hours following the event release.

Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 28 pip movement on NZDUSD within 2 hours following the event release at 01 Nov 14:00 UTC. We expect NZDUSD to trend upwards 2 hours following the event release at 01 Nov 14:00 UTC if the released value is < 48.9 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
03 Jan 15:00
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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