Due to the United States Balance of Trade news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 05 May 22:30:
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 US Balance of Trade |
|---|---|---|
| GBPUSD | 34-57 pips | 48-87 pips (53.03%) |
| AUDUSD | 19-32 pips | 32-59 pips (84.90%) |
| NZDUSD | 19-30 pips | 35-66 pips (120.04%) |
| USDCHF | 21-33 pips | 36-66 pips (96.88%) |
| EURUSD | 23-40 pips | 43-82 pips (105.26%) |
| USDJPY | 22-39 pips | 39-75 pips (89.23%) |
| USDCAD | 32-54 pips | 70-136 pips (152.46%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).