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We expect a 1740 pip movement on NIY within 12 hours following the event release.

Based on the last 12 Ivey PMI s.a events in Canada, we expect NIY to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect NIY to trend downwards 12 hours following the event release at 2025-09-05 14:00 if the released value is < 53.1. A price movement of 1740 pips is expected. Historical events that allowed us to draw this conclusion

06 May 14:00
08 Apr 14:00
06 Feb 15:00
07 Jan 15:00
06 Dec 15:00
06 Nov 15:00
06 Sep 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 235 pip movement on ES within 12 hours following the event release.

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