Based on the last 12 ISM Manufacturing PMI events in United States, we may expect EMD to trend downwards right now. Based on these past events there is a 87.5% chance of this. We made this conclusion because the released value is < 49.5. A price movement of 2065 pips may be experienced. Historical events that allowed us to draw this conclusion
01 Apr 14:00 |
03 Mar 15:00 |
01 Oct 14:00 |
03 Sep 14:00 |
01 Aug 14:00 |
01 Jul 14:00 |
03 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
