Based on past United States Philadelphia Fed Manufacturing Index news events there is a 66.67% chance of GBPUSD trending downwards. We expect this to happen if the released value is > 5.0. A price movement of 81 pips is expected.
Historical events that allowed us to draw this conclusion
16 May 12:30 |
17 Jan 13:30 |
18 Oct 12:30 |
20 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
