Based on the last 12 Ivey PMI s.a events in Canada, we expect GF to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect GF to trend upwards 48 hours following the event release at 08 Sep 14:00 if the released value is < 56. A price movement of 648 pips is expected. Historical events that allowed us to draw this conclusion
06 Aug 14:00 |
04 Jun 14:00 |
07 May 14:00 |
07 Jan 15:00 |
07 Dec 15:00 |
04 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
