Warning: Upcoming volatility at 06 Dec 15:00

United States is releasing its ISM Non-Manufacturing PMI news event later today, and because of this we are expecting a large increase in volatility following the event release at 06 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 Non-Manufacturing PMI
AUDUSD 26-42 pips 32-53 pips (25.91%)
EURUSD 33-55 pips 44-75 pips (36.95%)
NZDUSD 26-43 pips 34-55 pips (26.26%)
USDCHF 31-51 pips 38-64 pips (26.22%)

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

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