United States ISM Manufacturing PMI News Event – a possible $121.296 movement on USDCAD

Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $121.296 movement on USDCAD within 2 hours following the event release at 03 Dec 15:00. We expect USDCAD to trend downwards 2 hours following the event release at 03 Dec 15:00 if the released value is < 57.6

Historical events that allowed us to draw this conclusion

01 Oct 15:00

01 Aug 15:00

01 May 15:00

01 Dec 15:00

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

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