Date | Monday 1st November 2021 |
Time | 14:00 |
Early US session we see USD ISM Manufacturing PMI. We set reasonably wide triggers for this event as reactions are usually quite small. We only want to trade if there is a large divergence and even then we will look to exit quickly.
If a trade is triggered, we expect a spike of around 20 pips.
What happened last time?
USD ISM Manufacturing PMI – 21-10-01 | |
Time | 14:00 |
Forecast | 59.6 |
Actual | 61.1 |
Deviation | +1.5 |
One minute spike | 17 pips |
How we setup
Main Event | USD ISM Manufacturing PMI |
Market | USD/JPY |
Deviation | +/-2 |
Prior | 61.1 |
Forecast | 60.5 |
Triggers |
Buy >62.4 Sell <58.6 |