Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect USDCHF to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect USDCHF to trend upwards for the next 4 hours because the released value is > -23. A price movement of 26 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jan 00:30	22 Nov 00:30
19 Sep 22:30	15 Aug 22:30
18 Jul 22:30

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