Based on the last 12 Ivey PMI s.a events in Canada, we could see a $171 movement on USDCAD within the next 2 hours. USDCAD could trend downwards for the next 2 hours because the released value is < 53.1 Historical events that allowed us to draw this conclusion
06 Nov 15:00 |
07 Aug 14:00 |
06 Jun 14:00 |
06 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
