Based on the last 12 Ivey PMI s.a events in Canada, we expect SI to trend upwards. Based on these past events there is a 83.33% chance of this. We expect SI to trend upwards for 12 hours because the released value is < 53.2. A price movement of 50 pips is expected. Historical events that allowed us to draw this conclusion
07 Dec 15:00 |
07 Oct 14:00 |
04 Sep 14:00 |
07 May 14:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
