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We expect a 4,120 pip movement on RTY within 2 hours following the event release.

Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 4,120 pip movement on RTY within 2 hours following the event release at 18 Jun 12:30 UTC. We expect RTY to trend upwards 2 hours following the event release at 18 Jun 12:30 UTC if the released value is < -23 Historical events that allowed us to draw this conclusion

21 May 12:30
19 Mar 12:30
19 Dec 13:30
17 Oct 12:30

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

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