Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCAD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 2025-02-06 15:00 if the released value is < 53.0. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion
07 Jan 15:00 |
06 Dec 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”).
