The Canada IVEY PMI will be released today. This release is considered a leading indicator that receives much attention from traders; however since this release is after the Canada Employment Change, volatility may be limited… Here’s the forecast:
10:00am (NY Time) CA IVEY PMI Forecast 58.5 Previous 60.4
The Trade Plan
We’ll look to BUY CAD if we get 55.0 or more. We’ll look to SELL CAD if we get 49.0 or less. I’ll be using Retracement Trading method. To find out more about my trading system, read:
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: USDCAD.
CA IVEY PMI | November 6, 2012 | Forex Trading Plan
November 2, 2012 by Leave a Comment