Based on the last 12 Ivey PMI s.a events in Canada, we expect a 4 pip movement on NG within 2 hours following the event release at 07 Jan 15:00 UTC. We expect NG to trend downwards 2 hours following the event release at 07 Jan 15:00 UTC if the released value is > 61
Historical events that allowed us to draw this conclusion
07 Dec 15:00 |
07 Jul 14:00 |
07 Apr 14:00 |
05 Mar 15:00 |
05 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
