Be very careful of upcoming volatility because of Germany Markit Manufacturing PMI Flash news event later today. We expect a large increase in volatility on the these instruments following the event release at 21 Feb 08:30 UTC:
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 DE Markit Manufacturing PMI Flash |
|---|---|---|
| USDCAD | 23-38 pips | 27-42 pips (10.00%) |
| GBPUSD | 35-58 pips | 45-65 pips (12.02%) |
| EURUSD | 24-40 pips | 34-56 pips (39.96%) |
| AUDUSD | 19-31 pips | 21-36 pips (15.54%) |