We expect USDCHF to trend downwards for the next 2 hours. Based on these past United States ISM Manufacturing PMI news events there is a 75% chance of this. We expect this to happen because the released value is < 46.8. A price movement of 15 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 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
