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This Thursday 03 Dec at 03:00 PM GMT the latest US ISM Non-Manufacturing PMI number will be released.
If the number is greater than than economists’ consensus there is a 77.77% probability that USDCAD will trend up following the news event.
This probability is based on the last 12 US ISM Non-Manufacturing PMI events, in which 7 of the last 9 events where the actual number was greater than than the economist consensus resulted in an up trend of USDCAD.
Here are images of the past events:
Monday 05 Oct at 02:00 PM GMT:
Wednesday 05 Aug at 02:00 PM GMT:
Monday 06 Jul at 02:00 PM GMT:
Tuesday 05 May at 02:00 PM GMT:
Wednesday 04 Mar at 03:00 PM GMT:
Wednesday 05 Feb at 03:00 PM GMT:
Tuesday 07 Jan at 03:00 PM GMT:
Disclaimer: Past performance may not be indicative of future performance