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We expect BO to trend upwards today.

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”).

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