Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 31 pip movement on USDCHF within 4 hours following the event release at 19 Sep 12:30 UTC. We expect USDCHF to trend upwards 4 hours following the event release at 19 Sep 12:30 UTC if the released value is < 11 Historical events that allowed us to draw this conclusion
18 Apr 12:30 |
21 Feb 13:30 |
20 Dec 13:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
