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There is a 71.43% chance of HE trending upwards

Based on past United States Philadelphia Fed Manufacturing Index news events there is a 71.43% chance of HE trending upwards. We expect this to happen if the released value is > 8. A price movement of 302 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 12:30
15 Aug 12:30
18 Jul 12:30
16 May 12:30
21 Mar 12:30
17 Jan 13:30
18 Oct 12:30

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

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