Germany Markit Manufacturing PMI Flash News Event – a $52.348 opportunity on USDCAD

We expect a $52.348 movement on USDCAD within 2 hours following the release of Markit Manufacturing PMI Flash at 14 Dec 08:30. We expect USDCAD to trend upwards 2 hours following the event release at 14 Dec 08:30 if the released value is < 52. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

23 Nov 08:30

24 Oct 08:30

21 Sep 08:30

23 Aug 08:30

22 Mar 08:30

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

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