Based on past Canada Ivey PMI s.a news events there is a 83.33% chance of CC trending downwards. We expect this to happen if the released value is > 53.2. A price movement of 4,950 pips is expected.
Historical events that allowed us to draw this conclusion
07 Aug 14:00 |
07 Jul 14:00 |
05 Jun 14:00 |
06 Mar 15:00 |
07 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
