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”).