Based on past Canada Ivey PMI s.a news events there is a 75% chance of UB trending downwards. We expect this to happen because the released value is > 50.6. A price movement of 10937 pips is expected.
Historical events that allowed us to draw this conclusion
04 Oct 14:00 |
07 May 14:00 |
05 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
