We expect GBPUSD to trend upwards for the next 12 hours. Based on these past Canada Ivey PMI s.a news events there is a 66.67% chance of this. We expect this to happen because the released value is < 56. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion
07 Jul 14:00 |
06 Jun 14:00 |
04 May 14:00 |
06 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
