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We expect SI to trend upwards with a 83.33% chance.

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”).

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We expect a $0 movement on 6J within the next 2 hours.

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