Based on past Canada Ivey PMI s.a news events there is a 80% chance of EMD trending downwards. We expect this to happen if the released value is < 54.2. A price movement of 422 pips is expected. Historical events that allowed us to draw this conclusion
06 Sep 14:00 |
07 Aug 14:00 |
06 Jun 14:00 |
06 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
