Canada is releasing its GDP Growth Rate Annualized news event later today, and because of this we are expecting a large increase in volatility following the event release at 28 Aug 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 GDP Growth Rate Annualized |
|---|---|---|
| USDCAD | 32-54 pips | 68-109 pips (101.89%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).