Based on the last 12 Ivey PMI s.a events in Canada, USDCAD could trend downwards later today. Based on these past events there is a 71.43% chance of this. If the released value is > 64 we could see USDCAD trend downwards 4 hours following the event release at 07 Jun 14:00.
Historical events that allowed us to draw this conclusion
04 Mar 15:00 |
04 Feb 15:00 |
07 Dec 15:00 |
07 Oct 14:00 |
08 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
