Consider closing some positions today

Be very careful of upcoming volatility because of Germany Balance of Trade news event later today. We expect a large increase in volatility on the these instruments following the event release at 10 Dec 07:00 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 Balance of Trade
AUDUSD 24-39 pips 27-45 pips (16.28%)
GBPUSD 31-51 pips 29-50 pips (-2.53%)
NZDUSD 21-33 pips 23-38 pips (14.28%)
USDCHF 21-35 pips 25-46 pips (31.52%)
USDJPY 22-38 pips 25-45 pips (18.96%)

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

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