Trade with an edge around todays Canada Ivey PMI s.a news event

Past performance is not an indicator of future results.
Based on past Canada Ivey PMI s.a news events there is a 71.43% chance of USDCAD trending upwards. We expect this to happen because the released value is < 56. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

04 Oct 15:00
07 Aug 15:00
06 Jul 15:00
06 Jun 15:00
06 Feb 15:00

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

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