 |
We expect a $1,723.153 movement on USDCAD within 48 hours following the release of BoE Interest Rate Decision at 06 May 21:00. We expect USDCAD to trend upwards 48 hours following the event release at 06 May 21:00 if the released value is = 0.1%. A price movement of 211 pips is expected.
Historical events that allowed us to draw this conclusion
18 Mar 23:00 |
17 Dec 23:00 |
17 Sep 21:00 |
06 Aug 16:00 |
18 Jun 21:00 |
26 Mar 23:00 |
30 Jan 23:00 |
19 Dec 23:00 |
07 Nov 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).