Based on the last 12 Ivey PMI s.a events in Canada, we expect ES to trend upwards later today. Based on these past events there is a 80% chance of this. We expect ES to trend upwards 48 hours following the event release at 2023-12-06 15:00 if the released value is > 54.2. A price movement of 7962 pips is expected.
Historical events that allowed us to draw this conclusion
05 Oct 14:00 |
07 Sep 14:00 |
06 Apr 14:00 |
06 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
