Based on past United States ISM Non-Manufacturing PMI news events there is a 80% chance of EURUSD trending downwards. We expect this to happen because the released value is < 55.1. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
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06 Apr 00:00 |
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07 Jan 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).