Based on the last 12 BoC Interest Rate Decision events in Canada, we expect GC to trend upwards right now. Based on these past events there is a 81.82% chance of this. We expect GC to trend upwards for the next 12 hours because the released value is = 0.25%. A price movement of 1,550 pips is expected.
Historical events that allowed us to draw this conclusion
28 Oct 14:00 |
09 Sep 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 |
29 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
