Be very careful of upcoming volatility following 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 07 Jun 14:30 GMT+10:
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 |
|---|---|---|
| USDCAD | 14-22 pips | 16-25 pips (10.46%) |
| AUDUSD | 16-25 pips | 46-88 pips (251.58%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).