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 08 Apr 22:30 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 CA Unemployment Rate |
|---|---|---|
| USDCHF | 22-36 pips | 32-41 pips (13.73%) |
| EURUSD | 26-45 pips | 44-51 pips (14.94%) |
| AUDUSD | 21-35 pips | 36-41 pips (14.68%) |
| NZDUSD | 21-34 pips | 38-61 pips (79.25%) |
| USDJPY | 21-36 pips | 41-52 pips (46.08%) |
| USDCAD | 31-53 pips | 73-117 pips (118.40%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).