Consider closing some positions today

Be very careful of upcoming volatility because of United States Housing Starts news event later today. We expect a large increase in volatility on the these instruments following the event release at 20 Nov 13:30 GMT:

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 US Housing Starts
EURUSD	30-51 pips	41-72 pips (41.38%)
USDCAD	40-69 pips	44-76 pips (11.21%)
USDCHF	26-44 pips	35-62 pips (39.16%)
USDJPY	27-46 pips	28-47 pips (0.30%)

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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