Based on the last 12 Ivey PMI s.a events in Canada, we could see a $170 movement on GBPUSD within the next 2 hours. GBPUSD could trend downwards for the next 2 hours because the released value is > 55.2
Historical events that allowed us to draw this conclusion
05 Jun 14:00 |
06 Mar 15:00 |
04 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
