What to trade around United States ISM Manufacturing PMI news event

Past performance is not an indicator of future results.
Based on the last 12 ISM Manufacturing PMI events in United States, we expect USDCAD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards for the next 4 hours because the released value is > 54.2. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

03 Dec 15:00
02 Jul 15:00
01 Jun 15:00
01 Mar 15:00

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

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