Consider closing some positions today

Be very careful of upcoming volatility because of Euro Area Consumer Confidence Flash news event later today. We expect a large increase in volatility on the these instruments following the event release at 21 Dec 15:00 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 Consumer Confidence Flash
AUDUSD	26-42 pips	27-38 pips (-8.88%)
EURUSD	33-55 pips	34-59 pips (7.98%)
NZDUSD	26-43 pips	25-38 pips (-10.70%)
USDCHF	31-51 pips	32-54 pips (7.47%)

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

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