Based on the last 12 Ivey PMI s.a events in Canada, we may expect NIY to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is < 51.2. A price movement of 602 pips may be experienced. Historical events that allowed us to draw this conclusion
08 Apr 14:00 |
06 Feb 15:00 |
07 Jan 15:00 |
06 Nov 15:00 |
06 Sep 14:00 |
07 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
