Volatility warning for 07 Dec 15:00

Due to the United States Michigan Consumer Sentiment Prel news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 07 Dec 15:00:

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 Michigan Consumer Sentiment Prel
AUDUSD 24-40 pips 27-44 pips (10.74%)
EURUSD 33-57 pips 31-51 pips (-10.44%)
GBPUSD 37-63 pips 40-65 pips (3.79%)
NZDUSD 25-40 pips 25-40 pips (-0.37%)
USDCAD 38-65 pips 38-62 pips (-4.61%)
USDCHF 29-50 pips 27-45 pips (-10.06%)
USDJPY 29-51 pips 31-51 pips (0.07%)

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

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