Canada is releasing its Employment Change news event later today, and because of this we are expecting a large increase in volatility following the event release at 06 May 22:30. These are the instruments that may be affected:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during CA Employment Change |
|---|---|---|
| USDCHF | 22-36 pips | 32-41 pips (14.32%) |
| EURUSD | 26-45 pips | 44-51 pips (14.03%) |
| AUDUSD | 21-36 pips | 36-40 pips (13.10%) |
| NZDUSD | 21-34 pips | 38-61 pips (78.47%) |
| USDJPY | 21-36 pips | 41-52 pips (44.38%) |
| USDCAD | 31-53 pips | 73-117 pips (119.42%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).