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Forex Signal (Thu, Feb 04, 10:00 am EST) Canadian IVEY PMI

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 3, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity...

    Thursday, Feb 04th (10:00 am New York Time) Canada

    We have Canadian IVEY PMI coming out. It is expected to read 52.2. Last month it read 48.4.

    I recommend trading USD/CAD for this report.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7398-canadian-ivey-pmi.html

    The trigger for this indicator is 5.5. This means that if Canadian IVEY PMI comes out at 57.7 or more, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 46.7 or less, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...vey-pmi-after-spike-retracement-strategy.html

    For example: on December 04th, Canadian IVEY PMI came out at 55.9, versus an expectation of 60.0. USD/CAD went up by around 45 pips, and it was not even 5.5 deviation that I recommend. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

    The reason why I want to see a bit bigger deviation is because it is not a major report and sometimes it does not move much with smaller triggers. Nevertheless, a smaller trigger such as 4 may move USD/CAD a bit as well. We shall see.

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD IVEY PMI

    I hope you make some money on this report.
    -Crazy Cat
    #1 Crazy Cat, Feb 3, 2010
    Lasted edited by : Sep 8, 2016

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