Consider closing some positions today

Be very careful of upcoming volatility because of Germany Unemployment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 29 Nov 08:55 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 Unemployment Change
AUDUSD 24-39 pips 23-38 pips (-4.02%)
EURUSD 31-53 pips 35-60 pips (13.07%)
GBPUSD 36-60 pips 38-52 pips (-13.54%)
NZDUSD 22-35 pips 26-43 pips (22.44%)
USDCAD 26-43 pips 32-56 pips (31.77%)
USDCHF 27-45 pips 31-56 pips (22.78%)
USDJPY 25-44 pips 26-45 pips (2.34%)

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

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