We expect YM to trend upwards later today. Based on these past Canada Ivey PMI s.a news events there is a 83.33% chance of this. We expect this to happen if the released value is > 64.2. A price movement of 108,850 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jul 14:00 |
07 Apr 14:00 |
05 Mar 15:00 |
05 Feb 15:00 |
06 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
