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 2023-05-05 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 US Unemployment Rate |
|---|---|---|
| EURUSD | 28-48 pips | 53-88 pips (84.47%) |
| NZDUSD | 23-38 pips | 55-92 pips (139.05%) |
| USDCAD | 34-58 pips | 78-125 pips (116.14%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).