Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCHF to trend downwards. Based on these past events there is a 80% chance of this. We expect USDCHF to trend downwards for 12 hours because the released value is < 41. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 02:00	07 Nov 02:00
06 Jul 00:00	07 Jun 00:00

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