Consider closing some positions today

Be very careful of upcoming volatility because of Australia Balance of Trade news event later today. We expect a large increase in volatility on the these instruments following the event release at 06 Dec 00:30 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 AU Balance of Trade
EURUSD	14-24 pips	15-23 pips (-3.96%)
GBPUSD	16-26 pips	20-35 pips (32.39%)
USDCAD	14-23 pips	19-33 pips (42.74%)
USDCHF	11-19 pips	14-23 pips (24.89%)
USDJPY	21-38 pips	29-52 pips (37.19%)

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

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