We expect NKD to trend downwards later today. Based on these past Canada BoC Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 1.75%. A price movement of 13,750 pips is expected.
Historical events that allowed us to draw this conclusion
22 Jan 15:00 |
10 Jul 14:00 |
29 May 14:00 |
06 Mar 15:00 |
09 Jan 15:00 |
05 Dec 15:00 |
24 Oct 14:00 |
05 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
