Be very careful of upcoming volatility because of Canada Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 2022-10-07 23:30:
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 Unemployment Rate |
|---|---|---|
| NZDUSD | 22-36 pips | 38-61 pips (68.93%) |
| USDJPY | 25-45 pips | 41-52 pips (15.62%) |
| USDCAD | 31-53 pips | 73-117 pips (119.01%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).