Be very careful of upcoming volatility because of Australia Retail Sales MoM news event later today. We expect a large increase in volatility on the these instruments following the event release at 03 Jul 01:30 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 Retail Sales MoM |
|---|---|---|
| EURUSD | 12-20 pips | 14-23 pips (14.43%) |
| GBPUSD | 15-26 pips | 19-32 pips (19.45%) |
| USDCAD | 14-22 pips | 16-25 pips (12.00%) |
| USDCHF | 10-16 pips | 14-21 pips (27.52%) |
| NZDUSD | 16-25 pips | 21-30 pips (17.89%) |
| USDJPY | 19-35 pips | 26-41 pips (18.74%) |
| AUDUSD | 14-23 pips | 27-39 pips (68.41%) |