Be very careful of upcoming volatility because of United States Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 2023-02-04 00:30:
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 US Unemployment Rate |
|---|---|---|
| USDCHF | 25-42 pips | 40-64 pips (51.68%) |
| EURUSD | 28-48 pips | 46-73 pips (52.27%) |
| NZDUSD | 23-38 pips | 47-74 pips (92.96%) |
| USDCAD | 33-57 pips | 78-125 pips (116.56%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).