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We could see a 11,950 pip movement on CC within 48 hours following this event release.

Based on the last 12 Ivey PMI s.a events in Canada, we may see a 11,950 pip movement on CC within 48 hours following the event release at 07 Jun 14:00 UTC. CC may trend upwards 48 hours following the event release at 07 Jun 14:00 UTC if the released value is > 64

Historical events that allowed us to draw this conclusion

06 Apr 14:00
04 Mar 15:00
04 Feb 15:00
07 Dec 15:00
07 Jul 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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