We expect RA to trend downwards right now.

Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect RA to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect RA to trend downwards for the next 48 hours because the released value is > -23. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

20 Feb 13:30
16 Jan 13:30
21 Nov 13:30
19 Sep 12:30
15 Aug 12:30

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

leave a reply