We expect SM to trend upwards for the next 48 hours. Based on these past Canada BoC Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen because the released value is = 2.5%. A price movement of 131 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jul 13:45 |
16 Apr 13:45 |
12 Mar 13:45 |
04 Sep 13:45 |
24 Jul 13:45 |
05 Jun 13:45 |
10 Apr 13:45 |
06 Mar 14:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
