Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect USDCHF to trend upwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is < -19.2 Historical events that allowed us to draw this conclusion

16 Mar 23:30	17 Feb 00:30
16 Dec 00:30	18 Nov 00:30
15 Sep 22:30	21 Jul 22:30
21 Apr 22:30

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