Warning: Upcoming volatility at 10 Dec 09:30

United Kingdom 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 10 Dec 09:30. 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 GB Balance of Trade
AUDUSD 21-34 pips 20-31 pips (-10.08%)
EURUSD 26-45 pips 29-48 pips (5.36%)
NZDUSD 21-32 pips 22-34 pips (4.08%)
USDCAD 24-40 pips 23-36 pips (-8.32%)
USDCHF 23-39 pips 27-46 pips (17.30%)

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