We expect ZR to trend upwards with a 75% chance.

Based on the last 12 ISM Manufacturing PMI events in United States, we expect ZR to trend upwards. Based on these past events there is a 75% chance of this. We expect ZR to trend upwards for 48 hours because the released value is < 50.1. A price movement of 110 pips is expected.Historical events that allowed us to draw this conclusion

03 Sep 14:00
03 Jun 14:00
01 May 14:00
01 Mar 15:00
03 Jan 15:00
01 Oct 14:00

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

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