Based on past United Kingdom BoE Interest Rate Decision news events there is a 72.73% chance of USDCAD trending downwards. We expect this to happen if the released value is = 4.5%. A price movement of 34 pips is expected.
Historical events that allowed us to draw this conclusion
19 Dec 12:00 |
07 Nov 12:00 |
20 Jun 11:00 |
09 May 11:00 |
01 Feb 12:00 |
14 Dec 12:00 |
02 Nov 12:00 |
03 Aug 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
