Based on past Canada BoC Interest Rate Decision news events there is a 66.67% chance of GF trending downwards. We expect this to happen if the released value is = 2.75%. A price movement of 727 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jan 14:45 |
23 Oct 13:45 |
04 Sep 13:45 |
24 Jul 13:45 |
05 Jun 13:45 |
10 Apr 13:45 |
06 Mar 14:45 |
24 Jan 14:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
