Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, a $140 movement could occur on AUDUSD within 2 hours following the event release at 19 May 22:30. We expect AUDUSD to trend upwards 2 hours following the event release at 19 May 22:30 if the released value is > 16

Historical events that allowed us to draw this conclusion

17 Mar 23:30	21 Jan 00:30
19 Nov 00:30

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