Based on past Canada BoC Interest Rate Decision news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen because the released value is = 1.75%. A price movement of 147 pips is expected.
Historical events that allowed us to draw this conclusion
29 May 14:00 |
24 Apr 14:00 |
06 Mar 15:00 |
09 Jan 15:00 |
24 Oct 14:00 |
11 Jul 14:00 |
30 May 14:00 |
18 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
