Canada Ivey PMI s.a News Event – a possible $188.179 movement on USDCAD

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $188.179 movement on USDCAD within 4 hours following the event release at 05 Mar 02:00. We expect USDCAD to trend downwards 4 hours following the event release at 05 Mar 02:00 if the released value is > 52

Historical events that allowed us to draw this conclusion

05 Feb 02:00
08 Dec 02:00
08 Oct 01:00
09 Sep 00:00
08 Apr 00:00
06 Mar 02:00
06 Feb 02:00

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