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We expect NKD to trend downwards today with a 66.67% chance.

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”).

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