Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect CC to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect CC to trend downwards 2 hours following the event release at 21 Nov 13:30 if the released value is < 7. A price movement of 4,850 pips is expected. Historical events that allowed us to draw this conclusion
17 Oct 12:30 |
20 Jun 12:30 |
18 Apr 12:30 |
21 Feb 13:30 |
20 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
