Based on the last 12 ISM Manufacturing PMI events in United States, we expect USDCHF to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend downwards 12 hours following the event release at 03 Nov 02:00 if the released value is < 55.8. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion

02 Jun 00:00	04 Jan 02:00
03 Dec 02:00	02 Nov 01:00

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