Be very careful of upcoming volatility because of Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 04 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 Employment Change |
|---|---|---|
| GBPUSD | 33-53 pips | 49-78 pips (46.35%) |
| AUDUSD | 19-32 pips | 36-58 pips (82.45%) |
| USDCHF | 19-30 pips | 37-59 pips (97.17%) |
| NZDUSD | 18-29 pips | 40-66 pips (127.31%) |
| EURUSD | 23-38 pips | 46-79 pips (107.89%) |
| USDJPY | 19-32 pips | 40-76 pips (134.74%) |
| USDCAD | 28-48 pips | 75-122 pips (153.72%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).