Trade with an edge around todays Canada Ivey PMI s.a news event

Based on past Canada Ivey PMI s.a news events there is a 66.67% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 53.6. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

08 Feb 02:00
07 Sep 00:00
08 May 00:00
05 Apr 01:00

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