Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect PL to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect PL to trend downwards for the next 2 hours because the released value is > 44. A price movement of 1,719 pips is expected.
Historical events that allowed us to draw this conclusion
|04 Mar 15:00|
|05 Nov 15:00|
|05 Sep 14:00|
|05 Jun 14:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).