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We expect CL to trend downwards with a 66.67% chance.

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”).

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