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 2023-05-02 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 |
|---|---|---|
| NZDUSD | 15-24 pips | 25-41 pips (73.08%) |
| AUDUSD | 16-25 pips | 46-81 pips (218.41%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).