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We expect NG to trend upwards for the next 12 hours.

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”).

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