Volatility warning for 07 Jan 15:00

Due to the Canada Ivey PMI s.a news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 07 Jan 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 CA Ivey PMI s.a
AUDUSD 26-42 pips 30-46 pips (10.87%)
EURUSD 33-55 pips 46-83 pips (51.18%)
NZDUSD 26-43 pips 31-51 pips (17.66%)
USDCHF 31-51 pips 39-66 pips (29.99%)

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