Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect PL to trend downwards. Based on these past events there is a 80% chance of this. We expect PL to trend downwards for 48 hours because the released value is < 25. A price movement of 6,200 pips is expected. Historical events that allowed us to draw this conclusion
15 Jul 12:30 |
17 Jun 12:30 |
20 May 12:30 |
17 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
