Based on the last 12 ISM Manufacturing PMI events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 01 Sep 14:00 if the released value is > 58.6. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

01 Apr 14:00

01 Mar 15:00

05 Jan 15:00

02 Nov 15:00

01 Sep 14:00