Be very careful of upcoming volatility because of Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 2023-05-05 22:30:
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 |
|---|---|---|
| EURUSD | 28-48 pips | 46-78 pips (64.53%) |
| USDCHF | 25-43 pips | 37-63 pips (47.11%) |
| AUDUSD | 24-40 pips | 40-66 pips (61.96%) |
| NZDUSD | 23-38 pips | 40-64 pips (66.49%) |
| USDCAD | 23-39 pips | 45-92 pips (134.30%) |
| GBPUSD | 31-52 pips | 53-106 pips (100.09%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).