Based on the last 12 BoC Interest Rate Decision events in Canada, we expect ES to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect ES to trend downwards 4 hours following the event release at 22 Jan 15:00 if the released value is = 1.75%. A price movement of 2,825 pips is expected.
Historical events that allowed us to draw this conclusion
04 Dec 15:00 |
30 Oct 14:00 |
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 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
