Based on the last 12 BoC Interest Rate Decision events in Canada, we expect C to trend upwards later today. Based on these past events there is a 70% chance of this. We expect C to trend upwards 2 hours following the event release at 02 Mar 15:00 if the released value is = 0.5%. A price movement of 145,925 pips is expected.
Historical events that allowed us to draw this conclusion
14 Jul 14:00 |
09 Jun 14:00 |
21 Apr 14:00 |
10 Mar 15:00 |
20 Jan 15:00 |
09 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
