Warning: Upcoming volatility at 04 Jan 13:30

United States is releasing its Unemployment Rate news event later today, and because of this we are expecting a large increase in volatility following the event release at 04 Jan 13:30. 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 Unemployment Rate
EURUSD 30-51 pips 102-179 pips (249.92%)
USDCAD 40-69 pips 100-147 pips (113.46%)
USDCHF 26-44 pips 90-155 pips (245.11%)
USDJPY 27-46 pips 103-147 pips (213.12%)

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