Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 2023-06-15 22:15:
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 |
|---|---|---|
| AUDUSD | 19-31 pips | 27-42 pips (34.16%) |
| USDCAD | 23-40 pips | 40-50 pips (25.08%) |
| NZDUSD | 17-28 pips | 29-41 pips (45.10%) |
| USDCHF | 19-30 pips | 36-61 pips (102.63%) |
| GBPUSD | 31-52 pips | 61-90 pips (71.32%) |
| EURUSD | 21-35 pips | 62-90 pips (157.34%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).