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Based on the last 12 Fed Interest Rate Decision events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 23 Sep 04:00 if the released value is = 0.25%. A price movement of 58 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jul 04:00 |
29 Apr 04:00 |
18 Mar 05:00 |
17 Dec 06:00 |
06 Nov 06:00 |
30 Jul 04:00 |
30 Apr 04:00 |
30 Jan 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).