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 USDCHF to trend upwards right now. Based on these past events there is a 80% chance of this. We expect USDCHF to trend upwards for the next 4 hours because the released value is < 14. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

20 Dec 13:30

15 Nov 13:30

16 Aug 13:30

15 Mar 12:30

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

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