Based on the last 12 Ivey PMI s.a events in Canada, we expect CC to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect CC to trend upwards for the next 48 hours because the released value is > 58.7. A price movement of 11,950 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jul 14:00 |
07 Apr 14:00 |
05 Mar 15:00 |
05 Feb 15:00 |
06 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
