Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 03 Feb 15:00 if the released value is < 59.5. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion
06 Jan 15:00 |
05 May 14:00 |
03 Mar 15:00 |