Based on past Canada Ivey PMI s.a news events there is a 75% chance of CL trending upwards. We expect this to happen because the released value is < 65. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion
07 May 14:00 |
07 Jan 15:00 |
07 Dec 15:00 |
07 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
