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There is a 80% chance of 6A trending upwards

Based on past Canada Ivey PMI s.a news events there is a 80% chance of 6A trending upwards. We expect this to happen because the released value is > 53.3. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

05 Dec 15:00
06 Sep 14:00
07 Aug 14:00
04 Apr 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a 4 pip movement on HG for the next 12 hours.

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Important price line breached by Caterpillar Inc.. This price has been tested numerous times before.

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