Based on past Canada BoC Interest Rate Decision news events there is a 66.67% chance of CL trending downwards. We expect this to happen because the released value is = 2.25%. A price movement of 153 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 14:00 |
27 Oct 14:00 |
08 Sep 14:00 |
14 Jul 14:00 |
09 Jun 14:00 |
21 Apr 14:00 |
10 Mar 15:00 |
20 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
