We expect GBPUSD to trend upwards right now.

We expect GBPUSD to trend upwards for the next 12 hours. Based on these past Canada Ivey PMI s.a news events there is a 66.67% chance of this. We expect this to happen because the released value is < 56. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion

07 Jul 14:00
06 Jun 14:00
04 May 14:00
06 Mar 15:00

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

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We expect GC to trend upwards today with a 66.67% chance.

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