Consider closing some positions today

Be very careful of upcoming volatility because of United States Non Farm Payrolls 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 US Non Farm Payrolls
EURUSD 30-51 pips 102-179 pips (249.92%)
USDCAD 40-69 pips 100-147 pips (113.46%)
USDCHF 26-44 pips 90-155 pips (245.11%)
USDJPY 27-46 pips 103-147 pips (213.12%)

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

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