Based on the last 12 Ivey PMI s.a events in Canada, we may expect ZB to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because because the released value is > 55. A price movement of 168 pips may be experienced.
Historical events that allowed us to draw this conclusion
06 Dec 15:00 |
07 Sep 14:00 |
06 Apr 14:00 |
06 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
