Consider closing some positions today

Be very careful of upcoming volatility because of Japan Balance of Trade news event later today. We expect a large increase in volatility on the these instruments following the event release at 18 Nov 23:50 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 JP Balance of Trade
GBPUSD	14-24 pips	19-34 pips (44.68%)
NZDUSD	17-28 pips	19-33 pips (17.43%)
USDCAD	14-23 pips	15-25 pips (7.66%)
USDCHF	11-18 pips	12-20 pips (9.08%)
USDJPY	16-30 pips	21-39 pips (30.80%)

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

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