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10:00am (NY Time) CA IVEY PMI      Forecast 64.0    Previous 62.7
ACTION:  USD/CAD   BUY 60.0   SELL 67.0

We’ll focus on the IVEY PMI (IVEY Purchasing Manager’s Index) from Canadatoday, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey.  And as with PMIs, they are all considered as leading indicators with the medium point at 50, therefore a reading of  above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.

10:00am (NY Time) CA IVEY PMI      Forecast 55.1    Previous 51.9
ACTION:  USD/CAD   BUY 52.0   SELL 58.0

We’ll focus on the IVEY PMI (IVEY Purchasing Manager’s Index) from Canada today, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey.  And as with PMIs, they are all considered as leading indicators with the medium point at 50, therefore a reading of  above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.

10:00am (NY Time) CA IVEY PMI      Forecast 56.0    Previous 50.8
ACTION:  USD/CAD    SELL 55.5    BUY 49.0

We’ll be trading the IVEY PMI from Canada today, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey.  And as with PMIs, they are all considered as leading indicators with the medium point at 50, therefore a reading of  above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.

10:00am (NY Time) CA IVEY PMI      Forecast 52.3    Previous 48.4
ACTION:  USD/CAD    SELL 55.5    BUY 49.0

We’ll be focusing once again on the IVEY PMI from Canada today, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey.  And as with PMIs, they are all considered as leading indicators with the medium point at 50, therefore a reading of  above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.

10:00am (NY Time) CA IVEY PMI      Forecast 52.2    Previous 55.9
ACTION:  USD/CAD    SELL 55.2    BUY 49.2

We’ll be trading the IVEY PMI from Canada today, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey.  As with PMIs, they are considered as leading indicators, and a reading of  above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.

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10:00am (NY Time) CA IVEY PMI      Forecast 56.6    Previous 55.7
ACTION:  USD/CAD    BUY 53.6    SELL 59.6