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We expect NE to trend downwards today.

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”).

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