What to trade around Canada Ivey PMI s.a news event

La performance passata non è un indicatore delle performance future.
Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 07 Jan 15:00 if the released value is > 56.8. A price movement of 43 pips is expected.

Historical events that allowed us to draw this conclusion

07 Nov 15:00
04 Maggio 15:00
06 Mar 15:00

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

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