Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect 6E to trend downwards right now. Based on these past events there is a 80% chance of this. We expect 6E to trend downwards for the next 12 hours because the released value is < 8. A price movement of 0 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”).
