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 2 hours following the event release at 02 Mar 02:00 if the released value is > 58.8. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

06 Jan 02:00	02 Sep 00:00
04 Aug 00:00	02 Jul 00:00
02 May 00:00

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