Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect AUDUSD to trend downwards. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for 4 hours because the released value is > 14. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

18 Jun 22:30	21 Feb 00:30
17 Jan 00:30	22 Nov 00:30

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