Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect KC to trend upwards later today. Based on these past events there is a 75% chance of this. We expect KC to trend upwards 4 hours following the event release at 2022-08-18 12:30 if the released value is > -5. A price movement of 114 pips is expected.
Historical events that allowed us to draw this conclusion
17 Mar 12:30 |
20 Jan 13:30 |
16 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
