Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect CRD to trend downwards. Based on these past events there is a 83.33% chance of this. We expect CRD to trend downwards for 12 hours because the released value is > 54. A price movement of 52 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jun 14:00 |
05 Mar 15:00 |
06 Dec 15:00 |
05 Nov 15:00 |
06 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
