Based on the last 12 Ivey PMI s.a events in Canada, we expect a 0 pip movement on BP for the next 2 hours. We expect BP to trend downwards for 2 hours because the released value is > 53.8
Historical events that allowed us to draw this conclusion
06 Sep 14:00 |
07 May 14:00 |
04 Apr 14:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
