Canada 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 06 Jan 13:30. These are the instruments that may 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 CA Balance of Trade |
|---|---|---|
| GBPUSD | 33-53 pips | 48-84 pips (58.38%) |
| AUDUSD | 19-31 pips | 26-45 pips (41.79%) |
| NZDUSD | 19-29 pips | 31-57 pips (96.20%) |
| USDJPY | 19-32 pips | 29-51 pips (59.36%) |
| USDCHF | 20-30 pips | 28-46 pips (49.67%) |
| USDCAD | 28-47 pips | 45-80 pips (69.11%) |
| EURUSD | 23-38 pips | 36-54 pips (41.16%) |