Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 201 pip movement on EMD for the next 4 hours. EMD could trend upwards for 4 hours because the released value is > 47.5
Historical events that allowed us to draw this conclusion
01 Feb 15:00 |
03 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
