Canada Ivey PMI s.a News Event – a possible $0.191 movement on NG

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $0.191 movement on NG within 2 hours following the event release at 04 Feb 15:00. We expect NG to trend downwards 2 hours following the event release at 04 Feb 15:00 if the released value is > 50

Historical events that allowed us to draw this conclusion

07 Dec 15:00
07 Jul 14:00
07 Apr 14:00
05 Mar 15:00
05 Feb 15:00