Be very careful of upcoming volatility because of United States Philadelphia Fed Manufacturing Index news event later today. Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a $21,357.44 movement on RTY within 2 hours following the event release at 19 Sep 12:30. We expect this to happen if the released value is < 11. A price movement of 1,360 pips is expected. Historical events that allowed us to draw this conclusion
20 Jun 12:30 |
18 Apr 12:30 |
21 Feb 13:30 |
20 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
