Based on the last 12 Ivey PMI s.a events in Canada, we expect a 14 pip movement on GBPUSD within 12 hours following the event release at 05 Jul 14:00 UTC. We expect GBPUSD to trend downwards 12 hours following the event release at 05 Jul 14:00 UTC if the released value is < 55.0 Historical events that allowed us to draw this conclusion
06 Jun 14:00 |
06 Feb 15:00 |
06 Dec 15:00 |
04 Oct 14:00 |
07 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
