Based on the last 12 Ivey PMI s.a events in Canada, we expect a 92 pip movement on GBPUSD within 12 hours following the event release at 2023-05-05 00:00. We expect GBPUSD to trend upwards 12 hours following the event release at 2023-05-05 00:00 if the released value is > 53
Historical events that allowed us to draw this conclusion
07 Apr 00:00 |
07 Feb 02:00 |
08 Sep 00:00 |
08 Jun 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).