LE could trend downwards later today. Based on these past United States Philadelphia Fed Manufacturing Index news events there is a 75% chance of this. This could happen only if the released value is < 16. The price movement may be as big as 608 pips. Historical events that allowed us to draw this conclusion
21 Apr 12:30 |
17 Feb 13:30 |
21 Oct 12:30 |
19 Aug 12:30 |
17 Jun 12:30 |
20 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
