We expect USDCHF to trend downwards for the next 2 hours. Based on these past United States Philadelphia Fed Manufacturing Index news events there is a 75% chance of this. We expect this to happen because the released value is > -5. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

17 Mar 23:30	21 Jan 00:30
19 Nov 00:30

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