Based on the last 12 Ivey PMI s.a events in Canada, we expect a 21 pip movement on USDCAD within 2 hours following the event release at 08 Jul 00:00 GMT+10. We expect USDCAD to trend downwards 2 hours following the event release at 08 Jul 00:00 GMT+10 if the released value is < 65 Historical events that allowed us to draw this conclusion

08 May 00:00	08 Dec 02:00
08 Oct 01:00	05 Sep 00:00

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