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We expect MW to trend downwards right now.

Based on the last 12 Ivey PMI s.a events in Canada, MW may trend downwards for the next 48 hours. Based on these past events there is a 71.43% chance of this. This may happen because the released value is < 53.0 Historical events that allowed us to draw this conclusion

07 Jan 15:00
06 Nov 15:00
06 Sep 14:00
07 Aug 14:00
06 Jun 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 $522 movement on USDCAD within the next 48 hours.

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