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Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $120 movement on AUDUSD within 4 hours following the event release at 06 Aug 00:00. We expect AUDUSD to trend downwards 4 hours following the event release at 06 Aug 00:00 if the released value is > 55
Historical events that allowed us to draw this conclusion
07 Jul 00:00 |
06 May 00:00 |
04 Apr 01:00 |
06 Feb 02:00 |
08 Jan 02:00 |
06 Nov 02:00 |
06 Sep 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).