Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 22 Jul 21:45 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 EMU ECB Interest Rate Decision |
|---|---|---|
| NZDUSD | 16-24 pips | 18-27 pips (12.99%) |
| GBPUSD | 31-52 pips | 35-60 pips (15.24%) |
| USDCHF | 18-28 pips | 34-65 pips (130.87%) |
| EURUSD | 20-32 pips | 47-92 pips (185.17%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).