Consider closing some positions today

Be very careful of upcoming volatility because of Euro Area ECB Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 13 Dec 12:45 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 ECB Interest Rate Decision
AUDUSD 18-28 pips 19-27 pips (-4.68%)
EURUSD 23-38 pips 56-114 pips (193.93%)
GBPUSD 30-50 pips 41-67 pips (35.94%)
NZDUSD 18-29 pips 22-30 pips (2.82%)
USDCAD 26-41 pips 28-44 pips (6.13%)
USDCHF 22-37 pips 37-73 pips (97.51%)
USDJPY 19-34 pips 19-32 pips (-4.68%)

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

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