Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $470 movement on NZDUSD within 2 hours following the event release at 2022-11-02 01:00. We expect NZDUSD to trend downwards 2 hours following the event release at 2022-11-02 01:00 if the released value is > 50

Historical events that allowed us to draw this conclusion

02 Sep 00:00	02 Jun 00:00
02 Mar 02:00	02 Dec 02:00
02 Nov 01:00

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