Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 14 Apr 11:45 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 EMU ECB Interest Rate Decision |
|---|---|---|
| NZDUSD | 16-25 pips | 19-32 pips (28.29%) |
| USDCHF | 16-26 pips | 24-30 pips (16.03%) |
| GBPUSD | 30-50 pips | 51-90 pips (78.38%) |
| EURUSD | 20-32 pips | 37-62 pips (90.83%) |