Consider closing some positions today

Be very careful of upcoming volatility because of Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 04 Jan 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 CA Employment Change
EURUSD	30-51 pips	89-172 pips (237.57%)
USDCAD	40-69 pips	101-147 pips (113.46%)
USDCHF	26-44 pips	79-152 pips (238.19%)
USDJPY	27-46 pips	100-133 pips (184.29%)

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

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