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We expect a 13 pip movement on AUDUSD within 2 hours following the event release.

Based on the last 12 Ivey PMI s.a events in Canada, we expect a 13 pip movement on AUDUSD within 2 hours following the event release at 06 Nov 15:00 UTC. We expect AUDUSD to trend upwards 2 hours following the event release at 06 Nov 15:00 UTC if the released value is > 54.4

Historical events that allowed us to draw this conclusion

06 Sep 14:00
07 Aug 14:00
04 Apr 14:00
07 Jan 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 a $1,197.735 movement on OJ within 48 hours following the event release at 06 Nov 15:00.

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