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 2022-07-08 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 Employment Change |
|---|---|---|
| USDCHF | 23-37 pips | 32-41 pips (10.69%) |
| EURUSD | 26-45 pips | 44-51 pips (15.04%) |
| NZDUSD | 21-35 pips | 38-61 pips (75.42%) |
| USDJPY | 23-41 pips | 41-52 pips (28.98%) |
| USDCAD | 31-53 pips | 73-117 pips (121.38%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).