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On Event

70% probability that EURUSD may trend downwards

Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a $580 movement on EURUSD within 2 hours following the event release at 2023-04-12 14:00. We expect EURUSD to trend downwards 2 hours following the event release at 2023-04-12 14:00 if the released value is = 4.5%

Historical events that allowed us to draw this conclusion

08 Mar 15:00
25 Jan 15:00
07 Dec 15:00
01 Jun 14:00
26 Jan 15:00
08 Dec 15:00
27 Oct 14:00