Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a 26,387 pip movement on NQ within 4 hours following the event release at 20 Jan 15:00 UTC. We expect NQ to trend downwards 4 hours following the event release at 20 Jan 15:00 UTC if the released value is = 0.25%
Historical events that allowed us to draw this conclusion
09 Dec 15:00 |
28 Oct 14:00 |
15 Jul 14:00 |
03 Jun 14:00 |
22 Jan 15:00 |
04 Dec 15:00 |
30 Oct 14:00 |
10 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
