Be very careful of upcoming volatility because of Canada Balance of Trade news event later today. We expect a large increase in volatility on the these instruments following the event release at 04 Nov 12:30 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 CA Balance of Trade |
|---|---|---|
| GBPUSD | 34-57 pips | 48-87 pips (52.21%) |
| AUDUSD | 19-32 pips | 32-59 pips (83.62%) |
| NZDUSD | 19-30 pips | 35-65 pips (117.31%) |
| USDCHF | 21-33 pips | 36-66 pips (96.32%) |
| EURUSD | 23-40 pips | 43-80 pips (102.26%) |
| USDJPY | 22-39 pips | 39-75 pips (88.48%) |
| USDCAD | 32-54 pips | 70-136 pips (152.46%) |