Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 8 pip movement on NZDUSD within 2 hours following the event release at 18 Jul 12:30 UTC. We expect NZDUSD to trend downwards 2 hours following the event release at 18 Jul 12:30 UTC if the released value is > 5.0
Historical events that allowed us to draw this conclusion
16 May 12:30 |
21 Mar 12:30 |
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”).
