Volatility warning for 28 Nov 15:00

Due to the United States New Home Sales news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 28 Nov 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 New Home Sales
AUDUSD 26-42 pips 27-39 pips (-6.75%)
EURUSD 33-55 pips 37-59 pips (7.41%)
NZDUSD 26-43 pips 28-45 pips (4.50%)
USDCHF 31-51 pips 34-57 pips (12.54%)

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