Based on the last 12 BoC Interest Rate Decision events in Canada, we expect C to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect C to trend downwards 4 hours following the event release at 13 Apr 14:00 if the released value is = 1%. A price movement of 123,575 pips is expected.
Historical events that allowed us to draw this conclusion
02 Mar 15:00 |
08 Sep 14:00 |
10 Mar 15:00 |
28 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
