Consider closing some positions today

Be very careful of upcoming volatility because of Euro Area Industrial Production YoY news event later today. We expect a large increase in volatility on the these instruments following the event release at 12 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 EMU Industrial Production YoY
AUDUSD 19-29 pips 24-40 pips (37.01%)
GBPUSD 33-55 pips 46-86 pips (55.96%)
NZDUSD 18-28 pips 22-35 pips (24.16%)
USDCAD 23-37 pips 26-44 pips (20.28%)
USDCHF 22-36 pips 22-38 pips (5.54%)
USDJPY 19-33 pips 22-39 pips (18.41%)

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

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