Based on the last 12 ISM Manufacturing PMI events in United States, we expect UB to trend downwards. Based on these past events there is a 66.67% chance of this. We expect UB to trend downwards for 4 hours because the released value is < 56.4. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion
01 Jun 14:00 |
02 Mar 15:00 |
02 Dec 15:00 |
01 Nov 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
