Canada Ivey PMI s.a News Event – a possible $170 movement on EURUSD

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $170 movement on EURUSD within 12 hours following the event release at 08 Apr 00:00. We expect EURUSD to trend upwards 12 hours following the event release at 08 Apr 00:00 if the released value is < 41 Historical events that allowed us to draw this conclusion

08 Jan 02:00
05 Oct 00:00
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”).