TradersNews 80% probability that USDCAD will trend up on Wednesday 05 Feb at 03:00 PM GMT if the US ISM Non-Manufacturing PMI number is greater than 55.

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  • TradersNews 80% probability that USDCAD will trend up on Wednesday 05 Feb at 03:00 PM GMT if the US ISM Non-Manufacturing PMI number is greater than 55.

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This Wednesday 05 Feb 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 80% 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 4 of the last 5 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:

Tuesday 05 Nov at 03:00 PM GMT:

Thursday 05 Sep at 02:00 PM GMT:

Wednesday 05 Jun at 02:00 PM GMT:

Tuesday 05 Mar at 03:00 PM GMT:

Disclaimer: Past performance may not be indicative of future performance

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