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We expect ZW to trend upwards today.

Based on the last 12 Ivey PMI s.a events in Canada, we expect ZW to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect ZW to trend upwards 12 hours following the event release at 04 Feb 15:00 if the released value is > 50. A price movement of 612 pips is expected.

Historical events that allowed us to draw this conclusion

07 Dec 15:00
07 Oct 14:00
07 Jul 14:00
07 Apr 14:00
05 Mar 15:00
05 Feb 15:00

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

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