Due to the Canada Inflation Rate YoY news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 20 May 22:30:
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 CA Inflation Rate YoY |
|---|---|---|
| USDCAD | 32-54 pips | 89-124 pips (130.26%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).