Consider closing some positions today

Be very careful of upcoming volatility because of United Kingdom GfK Consumer Confidence news event later today. We expect a large increase in volatility on the these instruments following the event release at 21 Dec 00:01 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 GB GfK Consumer Confidence
EURUSD 14-24 pips 15-25 pips (8.10%)
GBPUSD 16-26 pips 16-26 pips (-1.13%)
USDCAD 14-23 pips 12-22 pips (-7.30%)
USDCHF 11-19 pips 12-20 pips (8.31%)
USDJPY 21-38 pips 21-37 pips (-2.56%)

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

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