Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 45 pip movement on EURUSD for the next 4 hours. We expect EURUSD to trend downwards for 4 hours because the released value is > 11
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
16 May 12:30 |
21 Mar 12:30 |
17 Jan 13:30 |
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”).
