Euro Area is releasing its ECB Interest Rate Decision news event later today, and because of this we are expecting a large increase in volatility following the event release at 09 Jun 21:45. 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 EMU ECB Interest Rate Decision |
|---|---|---|
| NZDUSD | 16-25 pips | 19-32 pips (27.04%) |
| USDCHF | 17-26 pips | 23-30 pips (14.66%) |
| GBPUSD | 31-51 pips | 51-90 pips (77.56%) |
| EURUSD | 20-32 pips | 37-62 pips (90.83%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).