Volatility warning for 06 Dec 00:30

Due to the Australia Retail Sales MoM news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 06 Dec 00:30:

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 AU Retail Sales MoM
EURUSD 14-24 pips 16-27 pips (13.92%)
GBPUSD 16-26 pips 20-33 pips (26.96%)
USDCAD 14-23 pips 17-28 pips (19.04%)
USDCHF 11-19 pips 14-22 pips (18.36%)
USDJPY 21-38 pips 26-41 pips (9.49%)

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

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