Based on the last 12 Ivey PMI s.a events in Canada, we expect YM to trend downwards later today. Based on these past events there is a 80% chance of this. We expect YM to trend downwards 12 hours following the event release at 2024-12-06 15:00 if the released value is < 53.1. A price movement of 645 pips is expected. Historical events that allowed us to draw this conclusion
06 Sep 14:00 |
07 Aug 14:00 |
06 Jun 14:00 |
06 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
