We expect NG to trend upwards for the next 12 hours. Based on these past Canada BoC Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen because the released value is = 0.25%. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jul 14:00 |
04 Dec 15:00 |
30 Oct 14:00 |
04 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
