Upcoming volatility expected at 2023-05-18 22:30

United States is releasing its Philadelphia Fed Manufacturing Index news event later today, and because of this we are expecting a large increase in volatility following the event release at 2023-05-18 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 US Philadelphia Fed Manufacturing Index
USDJPY 23-44 pips 38-77 pips (75.59%)
EURUSD 21-35 pips 29-51 pips (46.25%)
USDCHF 19-30 pips 27-51 pips (68.13%)
USDCAD 23-39 pips 29-52 pips (30.56%)
NZDUSD 17-28 pips 23-39 pips (38.09%)
AUDUSD 18-31 pips 27-50 pips (56.53%)
GBPUSD 31-52 pips 56-104 pips (97.47%)

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