Based on the last 12 Ivey PMI s.a events in Canada, we expect a 51 pip movement on USDCAD within 12 hours following the event release at 2022-09-07 14:00. We expect USDCAD to trend downwards 12 hours following the event release at 2022-09-07 14:00 if the released value is > 48.8
Historical events that allowed us to draw this conclusion
07 Jun 14:00 |
04 Mar 15:00 |
04 Feb 15:00 |
07 Dec 15:00 |
07 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
