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Be very careful of upcoming volatility. We expect a $520 movement on GBPUSD.

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 $520 movement on GBPUSD within 4 hours following the event release at 15 Aug 12:30. We expect this to happen if the released value is > 10. A price movement of 52 pips is expected.

Historical events that allowed us to draw this conclusion

16 May 12:30
21 Mar 12:30
18 Oct 12:30
20 Sep 12:30

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

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After testing the support line numerous times, UK100 is once again approaching this line. Can we expect a bearish trend to follow?

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Be very careful of upcoming volatility. We expect a $215.893 movement on USDCHF.

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