 |
We expect a $143.818 movement on USDCAD within 4 hours following the release of BoJ Interest Rate Decision at 22 May 13:00. We expect USDCAD to trend downwards 4 hours following the event release at 22 May 13:00 if the released value is = -0.1%. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
27 Apr 14:00 |
19 Dec 14:00 |
19 Sep 13:00 |
30 Jul 13:00 |
20 Jun 13:00 |
15 Mar 14:00 |
23 Jan 14:00 |
20 Dec 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).