Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect 6S to trend downwards later today. Based on these past events there is a 80% chance of this. We expect 6S to trend downwards 2 hours following the event release at 20 Aug 12:30 if the released value is < 21. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
21 May 12:30 |
16 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
