We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Canada Ivey PMI s.a news events there is a 66.67% chance of this. We expect this to happen because the released value is > 53. A price movement of 3 pips is expected.
Historical events that allowed us to draw this conclusion
04 Apr 14:00 |
07 Jan 15:00 |
07 Nov 15:00 |
07 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
