Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a $740 movement on EURUSD within 48 hours following the event release at 18 Mar 23:30. We expect EURUSD to trend upwards 48 hours following the event release at 18 Mar 23:30 if the released value is > 23

Historical events that allowed us to draw this conclusion

19 Feb 00:30	22 Jan 00:30
20 Nov 00:30	15 Oct 23:30
16 Jul 22:30

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