Consider closing some positions today

Be very careful of upcoming volatility because of United States Retail Sales MoM news event later today. We expect a large increase in volatility on the these instruments following the event release at 14 Dec 13:30 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 US Retail Sales MoM
EURUSD 30-51 pips 58-96 pips (88.38%)
USDCAD 40-69 pips 54-80 pips (16.13%)
USDCHF 26-44 pips 51-86 pips (93.11%)
USDJPY 27-46 pips 54-90 pips (93.42%)

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

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