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We expect CC to trend downwards today with a 83.33% chance.

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”).

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USD/JPY Target Level: 108.1742

USD/JPY Target Level: 108.1742

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We expect AUDUSD to trend downwards today with a 66.67% chance.

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