We expect a $326.426 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Ivey PMI s.a events in Canada release because the released value is > 53.8. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
06 Sep 14:00 |
07 May 14:00 |
04 Apr 14:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
