Warning: Upcoming volatility at 03 Dec 15:00

United States is releasing its ISM Manufacturing PMI news event later today, and because of this we are expecting a large increase in volatility following the event release at 03 Dec 15:00. These are the instruments that will be affected:

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 ISM Manufacturing PMI
AUDUSD 26-42 pips 39-56 pips (33.72%)
EURUSD 33-55 pips 47-80 pips (44.99%)
NZDUSD 26-43 pips 39-67 pips (54.81%)
USDCHF 31-51 pips 43-62 pips (22.74%)

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