Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect NE to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect NE to trend downwards 12 hours following the event release at 19 Nov 13:30 if the released value is > 22. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jul 12:30 |
18 Jun 12:30 |
20 Feb 13:30 |
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”).
