Based on the last 12 Ivey PMI s.a events in Canada, we expect KC to trend downwards later today. Based on these past events there is a 75% chance of this. We expect KC to trend downwards 48 hours following the event release at 2022-07-07 14:00 if the released value is < 64. A price movement of 1530 pips is expected. Historical events that allowed us to draw this conclusion
06 May 14:00 |
06 Aug 14:00 |
04 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
