Based on the last 12 ISM Non-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 04 Mar 02:00 if the released value is < 58.7. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion

05 Nov 02:00

04 Sep 00:00

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