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This Monday 02 Aug at 02:00 PM GMT the latest US ISM Manufacturing PMI number will be released.
If the number is greater than than economists’ consensus there is a 85.71% probability that USDCAD will trend down following the news event.
This probability is based on the last 12 US ISM Manufacturing PMI events, in which 6 of the last 7 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.
Here are images of the past events:
Thursday 01 Apr at 02:00 PM GMT:
Monday 01 Mar at 03:00 PM GMT:
Tuesday 05 Jan at 03:00 PM GMT:
Monday 02 Nov at 03:00 PM GMT:
Tuesday 01 Sep at 02:00 PM GMT:
Monday 03 Aug at 02:00 PM GMT:
Disclaimer: Past performance may not be indicative of future performance