We expect GC to trend upwards later today. Based on these past Canada Ivey PMI s.a news events there is a 80% chance of this. We expect this to happen if the released value is > 49.2. A price movement of 2389 pips is expected.
Historical events that allowed us to draw this conclusion
06 Apr 14:00 |
06 Feb 15:00 |
06 Dec 15:00 |
07 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
