Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect C to trend upwards. Based on these past events there is a 71.43% chance of this. We expect C to trend upwards for 48 hours because the released value is > 63. A price movement of 1,000 pips is expected.
Historical events that allowed us to draw this conclusion
05 Apr 14:00 |
03 Feb 15:00 |
05 Oct 14:00 |
06 Jul 14:00 |
03 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
