Based on the last 12 BoC Interest Rate Decision events in Canada, we may expect S to trend upwards right now. Based on these past events there is a 72.73% chance of this. We made this conclusion because the released value is = 3.75%. A price movement of 26 pips may be experienced.
Historical events that allowed us to draw this conclusion
04 Sep 13:45 |
24 Jul 13:45 |
05 Jun 13:45 |
06 Mar 14:45 |
24 Jan 14:45 |
25 Oct 14:00 |
12 Jul 14:00 |
12 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
