Be very careful of upcoming volatility because of New Zealand Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 24 Nov 12:00 GMT+11:
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 NZ Interest Rate Decision |
|---|---|---|
| GBPUSD | 14-22 pips | 19-28 pips (26.74%) |
| USDCAD | 14-22 pips | 25-36 pips (58.24%) |
| AUDUSD | 16-25 pips | 30-41 pips (63.39%) |
| NZDUSD | 15-24 pips | 77-120 pips (399.22%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).