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We expect 6E to trend downwards right now.

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”).

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