Based on the last 12 Ivey PMI s.a events in CA, we expect USDCAD to trend up later today. Based on these past events there is a 71.4% of this.
We expect USDCAD to trend up 4 hours following the event release at 07 May 14:00 if the released value is < 53.5. A price movement of 48 pips is expected.Historical events that allowed us to draw this conclusion
|06 Mar 15:00|
|06 Feb 15:00|
|04 Oct 14:00|
|07 Aug 14:00|
|06 Jun 14:00|
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)