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We expect a $1402 movement on USDCAD within 48 hours following the event release at 2023-03-23 12:00.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $1402 movement on USDCAD within 48 hours following the event release at 2023-03-23 12:00. We expect USDCAD to trend upwards 48 hours following the event release at 2023-03-23 12:00 if the released value is = 4.25%

Historical events that allowed us to draw this conclusion

02 Feb 12:00
15 Dec 12:00
22 Sep 11:00
04 Aug 11:00
16 Jun 11:00
05 May 11:00
03 Feb 12:00
04 Nov 12:00
05 Aug 11:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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Esperamos un movimiento de 207 pips en el HE dentro de unas 2 horas posteriores a la publicación del evento.

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Esperamos que el EURUSD adopte hoy una tendencia upwards.

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