Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 52 pip movement on USDCHF within 12 hours following the event release at 2022-11-04 01:00. We expect USDCHF to trend upwards 12 hours following the event release at 2022-11-04 01:00 if the released value is < 55.5 Historical events that allowed us to draw this conclusion

04 Jun 00:00	06 Apr 00:00
04 Mar 02:00	07 Jan 02:00

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