Be very careful of upcoming volatility because of Canada GDP Growth Rate Annualized news event later today. We expect a large increase in volatility on the these instruments following the event release at 31 Aug 12:30 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 CA GDP Growth Rate Annualized |
|---|---|---|
| USDCAD | 32-54 pips | 68-109 pips (101.89%) |