Consider closing some positions today

Be very careful of upcoming volatility because of Germany ZEW Economic Sentiment Index news event later today. We expect a large increase in volatility on the these instruments following the event release at 11 Dec 10:00 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 ZEW Economic Sentiment Index
AUDUSD 19-29 pips 21-33 pips (12.12%)
GBPUSD 33-55 pips 38-64 pips (15.02%)
NZDUSD 18-28 pips 21-35 pips (23.01%)
USDCAD 23-37 pips 24-39 pips (7.23%)
USDCHF 22-36 pips 28-49 pips (35.73%)
USDJPY 19-33 pips 22-38 pips (14.56%)

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

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