We expect KW to trend upwards for the next 48 hours. Based on these past United States Philadelphia Fed Manufacturing Index news events there is a 66.67% chance of this. We expect this to happen because the released value is > 22. A price movement of 2,625 pips is expected.
Historical events that allowed us to draw this conclusion
15 Oct 12:30 |
18 Jun 12:30 |
16 Jan 13:30 |
21 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
