Volatility alert for 01 Dec 00:30

Be very careful of upcoming volatility because of Canada GDP Growth Rate Annualized news event later today. We expect a large increase in volatility on the these instruments following the event release at 01 Dec 00:30 GMT+11:

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 28-48 pips 52-80 pips (66.28%)

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