Based on the last 12 ISM Non-Manufacturing PMI events in United States, we could expect USDCHF to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCHF to trend upwards 12 hours following the event release at 04 Jun 00:00 if the released value is > 56.4. A price movement of 47 pips could result.

Historical events that allowed us to draw this conclusion

04 Feb 02:00	04 Dec 02:00
06 Oct 01:00	04 Sep 00:00
05 Aug 00:00	04 Jun 00:00

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