Based on the last 12 Ivey PMI s.a events in Canada, we expect a $920 movement on GBPUSD within 12 hours following the event release at 2023-04-06 14:00. We expect GBPUSD to trend upwards 12 hours following the event release at 2023-04-06 14:00 if the released value is > 56.1
Historical events that allowed us to draw this conclusion
06 Feb 15:00 |
07 Sep 14:00 |
07 Jun 14:00 |
06 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
