We expect YM to trend upwards later today. Based on these past United States ISM Non-Manufacturing PMI news events there is a 80% chance of this. We expect this to happen if the released value is > 53.5. A price movement of 11,350 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jun 14:00 |
05 Mar 15:00 |
06 Dec 15:00 |
05 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
