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Based on the last 12 Fed Interest Rate Decision events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 16 Dec 06:00 if the released value is = 0.25%. A price movement of 248 pips is expected.
Historical events that allowed us to draw this conclusion
04 Nov 05:00 |
17 Jun 04:00 |
18 Mar 05:00 |
28 Jan 06:00 |
17 Dec 06:00 |
17 Sep 04:00 |
30 Jul 04:00 |
11 Jun 04:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).