Volatility warning for 18 Dec 23:50

Due to the Japan Balance of Trade news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 18 Dec 23:50:

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 JP Balance of Trade
GBPUSD 14-24 pips 19-34 pips (44.68%)
NZDUSD 17-28 pips 19-33 pips (17.43%)
USDCAD 14-23 pips 15-25 pips (7.66%)
USDCHF 11-18 pips 12-20 pips (9.08%)
USDJPY 16-30 pips 21-39 pips (30.80%)

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

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