ISM Non-Manufacturing PMI

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Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect USDCHF to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 2023-04-05 14:00 if the released value is < 54.5. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion

03 Nov 14:00
03 Jun 14:00
04 May 14:00
05 Apr 14:00

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