Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 2022-10-27 23:15:
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 EMU ECB Interest Rate Decision |
|---|---|---|
| AUDUSD | 18-30 pips | 23-42 pips (40.41%) |
| USDCAD | 22-36 pips | 39-46 pips (29.12%) |
| NZDUSD | 16-26 pips | 20-33 pips (25.00%) |
| USDCHF | 17-28 pips | 27-50 pips (79.66%) |
| GBPUSD | 32-53 pips | 60-90 pips (70.19%) |
| EURUSD | 20-34 pips | 42-74 pips (114.20%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).