Be very careful of upcoming volatility because of Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 07 Jan 13:30 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 Employment Change |
|---|---|---|
| GBPUSD | 33-53 pips | 49-78 pips (47.18%) |
| USDCHF | 20-30 pips | 36-57 pips (86.52%) |
| AUDUSD | 19-31 pips | 36-58 pips (84.01%) |
| EURUSD | 23-38 pips | 47-82 pips (112.32%) |
| NZDUSD | 19-29 pips | 40-65 pips (122.57%) |
| USDJPY | 19-32 pips | 41-78 pips (140.36%) |
| USDCAD | 28-47 pips | 75-122 pips (155.85%) |