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What to trade around the US Philadelphia Fed Manufacturing Index news event

What to trade around the US Philadelphia Fed Manufacturing Index news event

Based on the last 12 Philadelphia Fed Manufacturing Index events in US, we expect USDCHF to trend up right now. Based on these past events there is a 71.4% of this.
We expect USDCHF to trend up for the next 4 hours because the released value is > 20. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

20 Sep 12:30
 
19 Apr 12:30
 
15 Feb 13:30
 
21 Dec 13:30
 
19 Oct 12:30
 

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

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