Canada is releasing its Unemployment Rate news event later today, and because of this we are expecting a large increase in volatility following the event release at 2023-04-06 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 Unemployment Rate |
|---|---|---|
| EURUSD | 28-48 pips | 46-78 pips (63.84%) |
| USDCHF | 25-42 pips | 37-63 pips (48.31%) |
| AUDUSD | 24-40 pips | 40-66 pips (62.46%) |
| NZDUSD | 23-38 pips | 40-64 pips (67.36%) |
| USDJPY | 29-53 pips | 44-75 pips (40.39%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).