Based on the last 12 Ivey PMI s.a events in Canada, we expect ZW to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect ZW to trend upwards 12 hours following the event release at 04 Feb 15:00 if the released value is > 50. A price movement of 612 pips is expected.
Historical events that allowed us to draw this conclusion
07 Dec 15:00 |
07 Oct 14:00 |
07 Jul 14:00 |
07 Apr 14:00 |
05 Mar 15:00 |
05 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
