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 66.67% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 19 Aug 12:30 if the released value is > 23. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

18 Mar 12:30

18 Feb 13:30

21 Jan 13:30

15 Oct 12:30