 |
Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a 104 pip movement on USDCAD within 48 hours following the event release at 10 Jun 00:00 GMT+10. We expect USDCAD to trend downwards 48 hours following the event release at 10 Jun 00:00 GMT+10 if the released value is = 0.25%
Historical events that allowed us to draw this conclusion
22 Apr 00:00 |
11 Mar 02:00 |
10 Dec 02:00 |
29 Oct 01:00 |
10 Sep 00:00 |
04 Jun 00:00 |
16 Apr 00:00 |
05 Dec 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).