What to trade around United States Philadelphia Fed Manufacturing Index news event

Past performance is not an indicator of future results.
Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for the next 4 hours because the released value is > 10. A price movement of 41 pips is expected.

Historical events that allowed us to draw this conclusion

18 Oct 13:30

20 Sep 13:30

19 Apr 13:30

15 Feb 13:30

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

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