Based on the last 12 ISM Manufacturing PMI events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 02 Nov 01:00 if the released value is > 60.5. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

02 Oct 00:00	02 Sep 00:00
02 Jun 00:00	02 Apr 01:00
02 Mar 02:00	06 Jan 02:00
03 Nov 02:00

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