Warning: Upcoming volatility at 21 Dec 13:30

United States is releasing its GDP Price Index QoQ Final news event later today, and because of this we are expecting a large increase in volatility following the event release at 21 Dec 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 GDP Price Index QoQ Final
EURUSD 30-51 pips 40-42 pips (-16.35%)
USDCAD 40-69 pips 59-100 pips (44.62%)
USDCHF 26-44 pips 32-40 pips (-10.12%)
USDJPY 27-46 pips 30-41 pips (-11.59%)

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

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