Based on the last 12 BoC Interest Rate Decision events in Canada, we expect YM to trend downwards for the next 4 hours. Based on these past events there is a 83.33% chance of this. This will happen because the released value is = 1.75%
Historical events that allowed us to draw this conclusion
10 Jul 14:00 |
29 May 14:00 |
24 Apr 14:00 |
06 Mar 15:00 |
09 Jan 15:00 |
24 Oct 14:00 |
11 Jul 14:00 |
18 Apr 14:00 |
07 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
