Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 34 pip movement on USDCAD within 48 hours following the event release at 05 Jan 02:00 GMT+11. We expect USDCAD to trend downwards 48 hours following the event release at 05 Jan 02:00 GMT+11 if the released value is < 60 Historical events that allowed us to draw this conclusion

02 Jul 00:00	04 May 00:00
02 Feb 02:00

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