Be very careful of upcoming volatility because of United States ISM Manufacturing PMI news event later today. We expect a large increase in volatility on the these instruments following the event release at 03 Aug 14:00 UTC:
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 Manufacturing PMI |
|---|---|---|
| USDCHF | 27-44 pips | 34-54 pips (22.43%) |
| AUDUSD | 23-37 pips | 27-41 pips (10.70%) |
| NZDUSD | 22-35 pips | 30-49 pips (41.09%) |
| EURUSD | 28-47 pips | 39-62 pips (32.21%) |
| USDJPY | 28-48 pips | 40-66 pips (36.73%) |