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”).