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We expect a 8 pip movement on NZDUSD within 2 hours following the event release.

Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 8 pip movement on NZDUSD within 2 hours following the event release at 18 Jul 12:30 UTC. We expect NZDUSD to trend downwards 2 hours following the event release at 18 Jul 12:30 UTC if the released value is > 5.0

Historical events that allowed us to draw this conclusion

16 May 12:30
21 Mar 12:30
18 Oct 12:30
20 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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