Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect S to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect S to trend downwards for the next 2 hours because the released value is > 61.5. A price movement of 1,100 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 14:00 |
03 Jun 14:00 |
05 Apr 14:00 |
07 Jan 15:00 |
05 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
