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We expect EMD to trend downwards today.

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $65345 movement on EMD within 4 hours following the event release at 2025-07-08 14:00. We expect EMD to trend downwards 4 hours following the event release at 2025-07-08 14:00 if the released value is > 49.1

Historical events that allowed us to draw this conclusion

06 Mar 15:00
04 Oct 14:00
05 Jul 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a $6996500 movement on NKD within 4 hours following the event release at 2025-07-08 14:00.

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