Be very careful of upcoming volatility because of Australia Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 2022-11-17 11:30:
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 Unemployment Rate |
|---|---|---|
| EURUSD | 14-23 pips | 17-31 pips (34.52%) |
| NZDUSD | 18-29 pips | 21-34 pips (17.91%) |
| AUDUSD | 17-29 pips | 32-52 pips (75.78%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).