Warning: Upcoming volatility at 06 Dec 13:30

United States is releasing its Balance of Trade news event later today, and because of this we are expecting a large increase in volatility following the event release at 06 Dec 13:30. These are the instruments that will be affected:

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 Balance of Trade
EURUSD 30-51 pips 68-127 pips (149.19%)
USDCAD 40-69 pips 73-139 pips (101.31%)
USDCHF 26-44 pips 60-101 pips (126.66%)
USDJPY 27-46 pips 41-75 pips (59.80%)

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