Based on past Canada BoC Interest Rate Decision news events there is a 66.67% chance of S trending upwards. We expect this to happen because the released value is = 2.75%. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 13:45 |
29 Jan 14:45 |
23 Oct 13:45 |
04 Sep 13:45 |
06 Mar 14:45 |
24 Jan 14:45 |
06 Dec 15:00 |
25 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
