We expect GBPUSD to trend downwards later today. Based on these past Canada Ivey PMI s.a news events there is a 80% chance of this. We expect this to happen if the released value is > 53.8. A price movement of 87 pips is expected.
Historical events that allowed us to draw this conclusion
07 Aug 14:00 |
07 May 14:00 |
04 Apr 14:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
