 |
We expect a $344.023 movement on USDCAD within 4 hours following the release of BoE Interest Rate Decision at 16 Dec 23:00. We expect USDCAD to trend upwards 4 hours following the event release at 16 Dec 23:00 if the released value is = 0.1%. A price movement of 44 pips is expected.
Historical events that allowed us to draw this conclusion
04 Nov 23:00 |
24 Jun 21:00 |
18 Mar 23:00 |
04 Feb 23:00 |
17 Dec 23:00 |
17 Sep 21:00 |
06 Aug 16:00 |
18 Jun 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).