Be very careful of upcoming volatility because of Canada Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 05 Nov 13:30 UTC:
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 Unemployment Rate |
|---|---|---|
| GBPUSD | 34-57 pips | 53-85 pips (48.21%) |
| AUDUSD | 19-32 pips | 38-65 pips (101.11%) |
| USDCHF | 21-33 pips | 45-75 pips (125.31%) |
| NZDUSD | 19-30 pips | 43-72 pips (141.71%) |
| USDJPY | 22-39 pips | 49-80 pips (101.93%) |
| EURUSD | 23-40 pips | 53-92 pips (131.87%) |
| USDCAD | 32-54 pips | 90-130 pips (141.92%) |