Warning: Upcoming volatility at 08 Jan 00:30

Australia is releasing its Balance of Trade news event later today, and because of this we are expecting a large increase in volatility following the event release at 08 Jan 00:30. 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 AU Balance of Trade
EURUSD 14-24 pips 15-23 pips (-3.96%)
GBPUSD 16-26 pips 20-35 pips (32.39%)
USDCAD 14-23 pips 19-33 pips (42.74%)
USDCHF 11-19 pips 14-23 pips (24.89%)
USDJPY 21-38 pips 29-52 pips (37.19%)

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

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