Be very careful of upcoming volatility because of Australia Balance of Trade news event later today. We expect a large increase in volatility on the these instruments following the event release at 03 Dec 00:30 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 AU Balance of Trade |
|---|---|---|
| USDCHF | 10-16 pips | 15-24 pips (44.21%) |
| NZDUSD | 16-25 pips | 23-38 pips (49.70%) |
| USDCAD | 14-22 pips | 20-35 pips (56.66%) |
| EURUSD | 12-20 pips | 17-23 pips (14.49%) |
| GBPUSD | 15-26 pips | 21-38 pips (42.27%) |
| USDJPY | 19-35 pips | 29-53 pips (53.12%) |
| AUDUSD | 14-23 pips | 26-41 pips (75.02%) |