Based on past Canada BoC Interest Rate Decision news events there is a 70% chance of ZO trending downwards. We expect this to happen if the released value is = 0.25%. A price movement of 512 pips is expected.
Historical events that allowed us to draw this conclusion
04 Dec 15:00 |
30 Oct 14:00 |
29 May 14:00 |
24 Apr 14:00 |
06 Mar 15:00 |
05 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
