What to trade around the CA Ivey PMI s.a news event

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”)

leave a reply