Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect USDCHF to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 2023-04-05 14:00 if the released value is < 54.5. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
03 Nov 14:00 |
03 Jun 14:00 |
04 May 14:00 |
05 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
