There is a 83.33% chance of HE trending upwards

Based on past United States ISM Non-Manufacturing PMI news events there is a 83.33% chance of HE trending upwards. We expect this to happen if the released value is < 44. A price movement of 516 pips is expected.Historical events that allowed us to draw this conclusion

04 Dec 15:00
03 Oct 14:00
05 Aug 14:00
03 Jul 14:00
03 Apr 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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