Based on the last 12 Ivey PMI s.a events in Canada, we expect a 30 pip movement on GBPUSD for the next 4 hours. We expect GBPUSD to trend upwards for 4 hours because the released value is > 52
Historical events that allowed us to draw this conclusion
04 Feb 15:00 |
07 Dec 15:00 |
07 Oct 14:00 |
08 Sep 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”).
