Based on the last 12 Ivey PMI s.a events in Canada, we expect CT to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect CT to trend upwards 48 hours following the event release at 06 Nov 15:00 if the released value is > 51.5. A price movement of 142 pips is expected.
Historical events that allowed us to draw this conclusion
07 Aug 14:00 |
07 Jul 14:00 |
07 Feb 15:00 |
05 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
