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We expect CC to trend upwards right now.

Based on the last 12 Ivey PMI s.a events in Canada, we expect CC to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect CC to trend upwards for the next 48 hours because the released value is > 58.7. A price movement of 11,950 pips is expected.

Historical events that allowed us to draw this conclusion

07 Jul 14:00
07 Apr 14:00
05 Mar 15:00
05 Feb 15:00
06 Nov 15:00

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

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