Are you on the right side of United States ISM Manufacturing PMI news event?

Based on the last 12 ISM Manufacturing PMI events in United States, we expect USDCHF to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 03 Jan 15:00 if the released value is > 57.9. A price movement of 44 pips is expected.

Historical events that allowed us to draw this conclusion

04 Sep 15:00
02 Jul 15:00
01 Jun 15:00
01 Mar 15:00
03 Jan 15:00

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

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