Be very careful of upcoming volatility because of Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 12 Mar 00:30 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 CA Employment Change |
|---|---|---|
| EURUSD | 26-44 pips | 44-51 pips (15.68%) |
| USDCHF | 22-36 pips | 32-41 pips (14.32%) |
| AUDUSD | 21-35 pips | 36-40 pips (15.16%) |
| NZDUSD | 21-34 pips | 38-58 pips (71.61%) |
| USDJPY | 21-35 pips | 41-52 pips (47.35%) |
| USDCAD | 32-55 pips | 76-117 pips (112.71%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).