Be very careful of upcoming volatility because of Germany Markit Manufacturing PMI Flash news event later today. We expect a large increase in volatility on the these instruments following the event release at 23 Nov 08:30 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 DE Markit Manufacturing PMI Flash |
|---|---|---|
| AUDUSD | 24-39 pips | 28-48 pips (22.56%) |
| EURUSD | 31-53 pips | 41-70 pips (32.95%) |
| GBPUSD | 36-60 pips | 44-67 pips (12.21%) |
| NZDUSD | 22-35 pips | 26-44 pips (25.63%) |
| USDCAD | 26-43 pips | 30-45 pips (6.74%) |
| USDCHF | 27-45 pips | 32-50 pips (10.77%) |
| USDJPY | 25-44 pips | 28-51 pips (14.79%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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