Be very careful of upcoming volatility because of Germany Markit Manufacturing PMI Flash news event later today. Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $195.871 movement on USDCAD within 2 hours following the event release at 23 Sep 07:30. We expect this to happen if the released value is < 44.0. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
24 Jul 07:30 |
23 May 07:30 |
18 Apr 07:30 |
22 Mar 08:30 |
21 Feb 08:30 |
23 Nov 08:30 |
24 Oct 07:30 |
21 Sep 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
