Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $130 movement on GBPUSD within 2 hours following the event release at 05 Aug 14:00. We expect GBPUSD to trend downwards 2 hours following the event release at 05 Aug 14:00 if the released value is > 55
Historical events that allowed us to draw this conclusion
06 Jul 14:00 |
05 May 14:00 |
03 Apr 14:00 |
05 Nov 15:00 |
05 Sep 14:00 |