Volatility warning for 03 Jan 13:30

Due to the United States Continuing Jobless Claims news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 03 Jan 13:30:

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 Continuing Jobless Claims
EURUSD 30-51 pips 52-98 pips (91.80%)
USDCAD 40-69 pips 45-80 pips (15.88%)
USDCHF 26-44 pips 41-73 pips (62.44%)
USDJPY 27-46 pips 38-66 pips (42.25%)

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

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