Market Focus

On Monday, 06.11.2017, attention should be focused on the data on the index of business activity (PMI) Ivey Canada. The index measures the level of activity of purchasing managers in Canada and indicates prosperity in the industrial sector.

According to the forecast, in October the index will rise to 60.2, against 59.6 that was in the previous month. In case of data release within the forecast, the Canadian will receive some support. So, one should expect the pair USD/CAD to fall within 25 points. In case of deviation of the indicator value within 5%, one should expect Canadian movement within 40 points against competitors.

Alexander Sivtsov