We expect a $500 movement on GBPUSD within 2 hours following the release of Philadelphia Fed Manufacturing Index at 19 Nov 13:30. We expect GBPUSD to trend downwards 2 hours following the event release at 19 Nov 13:30 if the released value is > 22. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
15 Oct 12:30 |
18 Jun 12:30 |
16 Jan 13:30 |
21 Nov 13:30 |