Based on the last 12 Ivey PMI s.a events in Canada, we expect C to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect C to trend downwards 12 hours following the event release at 2023-04-06 14:00 if the released value is > 56.1. A price movement of 1150 pips is expected.
Historical events that allowed us to draw this conclusion
06 Dec 15:00 |
06 Oct 14:00 |
07 Sep 14:00 |
06 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
