Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect BO to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect BO to trend upwards 12 hours following the event release at 18 Mar 12:30 if the released value is > 23. A price movement of 83 pips is expected.
Historical events that allowed us to draw this conclusion
18 Feb 13:30 |
19 Nov 13:30 |
15 Oct 12:30 |
16 Jul 12:30 |
18 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
