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 22 Apr 17:30 GMT+10:
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 | 27-45 pips (19.23%) |
| GBPUSD | 35-58 pips | 45-65 pips (11.45%) |
| EURUSD | 24-41 pips | 33-50 pips (23.44%) |
| AUDUSD | 19-31 pips | 21-36 pips (16.10%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).