We expect a $44401 movement on S within 12 hours following the release of BoC Interest Rate Decision at 2023-04-12 14:00. We expect S to trend upwards 12 hours following the event release at 2023-04-12 14:00 if the released value is = 4.5%. A price movement of 2975 pips is expected.
Historical events that allowed us to draw this conclusion
08 Mar 15:00 |
25 Jan 15:00 |
07 Dec 15:00 |
13 Apr 14:00 |
02 Mar 15:00 |
26 Jan 15:00 |
08 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).