Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCHF to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards 12 hours following the event release at 04 Oct 14:00 if the released value is < 54.3. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
06 Mar 15:00 |
06 Feb 15:00 |
06 Dec 15:00 |
04 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
