Based on the last 12 BoC Interest Rate Decision events in CA, we expect a $364.53 movement on USDCAD within the next 2 hours.
We expect USDCAD to trend up for the next 2 hours because the released value is = 1.75%
Historical events that allowed us to draw this conclusion
06 Mar 15:00 |
09 Jan 15:00 |
05 Dec 15:00 |
05 Sep 14:00 |
11 Jul 14:00 |
18 Apr 14:00 |
07 Mar 15:00 |
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”)
