Consider closing some positions today

Be very careful of upcoming volatility because of Germany Ifo Business Climate news event later today. We expect a large increase in volatility on the these instruments following the event release at 26 Nov 09:00 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 Ifo Business Climate
AUDUSD 21-34 pips 30-50 pips (46.76%)
EURUSD 26-45 pips 36-58 pips (29.21%)
NZDUSD 21-32 pips 24-40 pips (22.89%)
USDCAD 24-40 pips 26-46 pips (17.03%)
USDCHF 23-39 pips 30-49 pips (25.07%)

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

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