Sectors Of The Economy

We’ll be getting Canada IVEY PMI today, since this is a leading indicator, traders pay attention for this release, especially during the same week prior to Canada Employment Changes. Here’s the forecast:

10:00am (NY Time) CA IVEY PMI Forecast 53.5 Previous 57.5
ACTION: USD/CAD BUY 50.0 SELL 56.5

The Trade Plan
Our tradable surprise factor is 3.0. IVEY PMI is usually tradable before the Canadian Employment Changes, however it is important to note that IVEY PMI is a leading indicator and Employment Change is a lagging indicator, and both are figures from different month but the general market seems to ignore that.

2 comments

We’ll be getting Canada IVEY PMI today, since this is a leading indicator, traders pay attention for this release, especially during the same week prior to Canada Employment Changes. Here’s the forecast:

10:00am (NY Time) CA IVEY PMI Forecast 63.0 Previous 65.9
ACTION: USD/CAD BUY 66.0 SELL 60.0

3 comments

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.

5 comments

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.

2 comments

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.

3 comments

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.

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