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We expect a 4 pip movement on NG within 2 hours following the event release.

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”).

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