Based on past Canada BoC Interest Rate Decision news events there is a 81.82% chance of RTY trending downwards. We expect this to happen because the released value is = 0.25%. A price movement of 800 pips is expected.
Historical events that allowed us to draw this conclusion
09 Dec 15:00 |
09 Sep 14:00 |
15 Jul 14:00 |
15 Apr 14:00 |
22 Jan 15:00 |
04 Dec 15:00 |
30 Oct 14:00 |
04 Sep 14:00 |
10 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
