Based on past Canada Ivey PMI s.a news events there is a 75% chance of C trending upwards. We expect this to happen because the released value is > 55. A price movement of 2100 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jun 14:00 |
06 Apr 14:00 |
04 Feb 15:00 |
07 Dec 15:00 |
07 Oct 14:00 |
08 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
