Based on the last 12 ISM Manufacturing PMI events in United States, we expect KC to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect KC to trend downwards 12 hours following the event release at 2023-08-01 14:00 if the released value is < 46.8. A price movement of 450 pips is expected. Historical events that allowed us to draw this conclusion
03 Jul 14:00 |
01 Jun 14:00 |
03 Apr 14:00 |
01 Mar 15:00 |
01 Feb 15:00 |
04 Jan 15:00 |
01 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
