Be very careful of upcoming volatility because of Australia RBA Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 2022-11-01 14:30:
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 AU RBA Interest Rate Decision |
|---|---|---|
| AUDUSD | 16-25 pips | 46-88 pips (248.33%) |
| USDJPY | 12-21 pips | 15-26 pips (23.27%) |
| USDCHF | 9-14 pips | 10-16 pips (12.66%) |
| NZDUSD | 13-20 pips | 20-34 pips (67.14%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).