Due to the Canada Employment Change news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 2022-11-04 23:30:
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 |
|---|---|---|
| NZDUSD | 22-37 pips | 38-61 pips (65.08%) |
| USDCAD | 33-56 pips | 73-117 pips (108.14%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).