We expect a $195.725 movement on USDCAD within 2 hours following the release of Markit Manufacturing PMI Flash at 22 Nov 08:30. We expect USDCAD to trend upwards 2 hours following the event release at 22 Nov 08:30 if the released value is < 42.9. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
24 Oct 07:30 |
24 Jul 07:30 |
23 May 07:30 |
18 Apr 07:30 |
22 Mar 08:30 |
21 Feb 08:30 |
23 Nov 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
