Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 20 pip movement on NZDUSD within 2 hours following the event release at 02 Jul 00:00 GMT+10. We expect NZDUSD to trend downwards 2 hours following the event release at 02 Jul 00:00 GMT+10 if the released value is > 49.5

Historical events that allowed us to draw this conclusion

02 May 00:00	04 Feb 02:00
02 Jul 00:00

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