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We expect EURUSD to trend upwards today.

Based on the last 12 ISM Manufacturing PMI events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 01 Oct 14:00 if the released value is < 50.1. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion

03 Sep 14:00
01 Aug 14:00
03 Jun 14:00
01 May 14:00
03 Jan 15:00
01 Nov 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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Silver DECEMBER 2019 – breach of a trending resistance line that has been tested at least twice before.

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