We expect ES to trend downwards for the next 48 hours. Based on these past Canada Ivey PMI s.a news events there is a 80% chance of this. We expect this to happen because the released value is < 48.8. A price movement of 11375 pips is expected. Historical events that allowed us to draw this conclusion
05 Aug 14:00 |
07 Jul 14:00 |
06 May 14:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
