Based on the last 12 Ivey PMI s.a events in Canada, we expect a 101 pip movement on GBPUSD within 4 hours following the event release at 2023-02-06 15:00. We expect GBPUSD to trend upwards 4 hours following the event release at 2023-02-06 15:00 if the released value is > 42.3
Historical events that allowed us to draw this conclusion
07 Sep 14:00 |
07 Jun 14:00 |
06 Apr 14:00 |
04 Mar 15:00 |
04 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
