Consider closing some positions today

Be very careful of upcoming volatility because of United States Philadelphia Fed Manufacturing Index news event later today. We expect a large increase in volatility on the these instruments following the event release at 20 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 Philadelphia Fed Manufacturing Index
AUDUSD	26-42 pips	32-50 pips (19.33%)
EURUSD	33-55 pips	47-69 pips (25.09%)
NZDUSD	26-43 pips	33-54 pips (24.28%)
USDCHF	31-51 pips	42-76 pips (49.52%)

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

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