Based on the last 12 Ivey PMI s.a events in Canada, we expect a 0 pip movement on 6M within 12 hours following the event release at 07 Dec 15:00 UTC. We expect 6M to trend upwards 12 hours following the event release at 07 Dec 15:00 UTC if the released value is > 54.7
Historical events that allowed us to draw this conclusion
06 Nov 15:00 |
07 Aug 14:00 |
05 Jun 14:00 |
07 Feb 15:00 |
05 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
