We expect USDCHF to trend upwards for the next 2 hours. Based on these past United States ISM Non-Manufacturing PMI news events there is a 71.43% chance of this. We expect this to happen because the released value is > 55.1. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 00:00	04 Feb 02:00
04 Dec 02:00	06 Oct 01:00
04 Sep 00:00

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