Due to the Australia Unemployment Rate news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 17 Feb 11:30:
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 Unemployment Rate |
|---|---|---|
| USDCHF | 9-14 pips | 11-18 pips (22.12%) |
| USDJPY | 14-24 pips | 17-28 pips (17.07%) |
| AUDUSD | 15-24 pips | 31-58 pips (136.86%) |
| NZDUSD | 18-27 pips | 20-34 pips (22.75%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).