Due to the Canada Unemployment Rate news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 2022-09-09 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 Unemployment Rate |
|---|---|---|
| EURUSD | 27-46 pips | 44-52 pips (11.40%) |
| NZDUSD | 22-35 pips | 38-61 pips (71.75%) |
| USDJPY | 25-44 pips | 41-52 pips (20.09%) |
| USDCAD | 31-53 pips | 73-117 pips (120.45%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).