Consider closing some positions today

Be very careful of upcoming volatility because of United States Adp Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 03 Jan 13:15 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 Adp Employment Change
EURUSD 30-51 pips 50-85 pips (67.88%)
USDCAD 40-69 pips 49-79 pips (15.56%)
USDCHF 26-44 pips 40-63 pips (41.44%)
USDJPY 27-46 pips 40-62 pips (33.35%)

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

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