Canada BoC Interest Rate Decision News Event – a $90 opportunity on EURUSD

We expect a $90 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the BoC Interest Rate Decision events in Canada release because the released value is = 1.75%. A price movement of 9 pips is expected.

Historical events that allowed us to draw this conclusion

24 Oct 15:00

05 Sep 15:00

11 Jul 15:00

18 Apr 15:00

07 Mar 15:00

06 Dec 15:00

12 Jul 15:00

24 May 15:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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