Be very careful of upcoming volatility because of Australia RBA Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 06 Oct 14:30 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 AU RBA Interest Rate Decision |
|---|---|---|
| GBPUSD | 14-22 pips | 20-38 pips (69.53%) |
| USDCAD | 11-18 pips | 17-28 pips (53.53%) |
| NZDUSD | 13-21 pips | 25-43 pips (103.23%) |
| AUDUSD | 13-19 pips | 52-99 pips (399.49%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).