Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards 48 hours following the event release at 2022-08-18 22:30 if the released value is > -5. A price movement of 96 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jan 00:30	19 Nov 00:30
16 Sep 22:30

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