Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect NIY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend upwards 2 hours following the event release at 20 Jan 13:30 if the released value is < 20. A price movement of 20,250 pips is expected. Historical events that allowed us to draw this conclusion
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”).
