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 NZDUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards for the next 12 hours because the released value is > 4.5. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jan 13:30
20 Sep 13:30
19 Jul 13:30
17 May 13:30

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

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