Be very careful of upcoming volatility because of Australia Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 17 Mar 11:30 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 AU Unemployment Rate |
|---|---|---|
| NZDUSD | 18-28 pips | 20-34 pips (21.28%) |
| USDCHF | 9-14 pips | 11-17 pips (18.81%) |
| USDJPY | 14-24 pips | 17-28 pips (14.73%) |
| AUDUSD | 15-24 pips | 30-55 pips (125.95%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).