Be very careful of upcoming volatility because of the CA Ivey PMI s.a news event later today. Based on the last 12 Ivey PMI s.a events in CA, we expect a $40.15 movement on USDCHF within 2 hours following the event release at 07 Nov 15:00.
We expect this to happen if the released value is < 50.9. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
04 Oct 14:00 |
07 Aug 14:00 |
06 Jul 14:00 |
06 Jun 14:00 |
06 Apr 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
