Upcoming volatility expected at 20 Oct 23:30

Canada is releasing its Inflation Rate YoY news event later today, and because of this we are expecting a large increase in volatility following the event release at 20 Oct 23:30. 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 Inflation Rate YoY
USDCAD 32-54 pips 89-124 pips (130.26%)

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