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We expect EURUSD to trend downwards with a 80% chance.

Based on the last 12 Ivey PMI s.a events in Canada, we could see EURUSD trend downwards right now. Based on historical events there is a 80% chance of this. This may happen because the released value is < 54.2 Historical events that allowed us to draw this conclusion

06 Sep 14:00
07 Aug 14:00
06 Jun 14:00
06 Nov 15:00

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

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