Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 06 Aug 14:00 if the released value is < 70. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion

07 May 14:00

07 Dec 15:00

07 Oct 14:00

04 Sep 14:00