Volatility warning for 05 Dec 00:30

Due to the Australia GDP Growth Rate QoQ news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 05 Dec 00:30:

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 AU GDP Growth Rate QoQ
EURUSD 14-24 pips 12-16 pips (-33.48%)
GBPUSD 16-26 pips 18-24 pips (-10.12%)
USDCAD 14-23 pips 18-25 pips (7.53%)
USDCHF 11-19 pips 12-17 pips (-9.70%)
USDJPY 21-38 pips 25-35 pips (-5.70%)

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