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This Thursday 15 Jul at 12:30 PM GMT the latest US Philadelphia Fed Manufacturing Index number will be released.
If the number is less than than economists’ consensus there is a 75% probability that EURUSD will trend down following the news event.
This probability is based on the last 12 US Philadelphia Fed Manufacturing Index events, in which 3 of the last 4 events where the actual number was less than than the economist consensus resulted in an down trend of EURUSD.
Here are images of the past events:
Thursday 17 Jun at 12:30 PM GMT:
Thursday 17 Dec at 01:30 PM GMT:
Thursday 20 Aug at 12:30 PM GMT:
Disclaimer: Past performance may not be indicative of future performance