Be very careful of upcoming volatility following Euro Area ECB Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 09 Jun 11:45 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 EMU ECB Interest Rate Decision |
|---|---|---|
| NZDUSD | 16-25 pips | 19-32 pips (27.04%) |
| USDCHF | 17-26 pips | 23-30 pips (14.66%) |
| GBPUSD | 31-51 pips | 51-90 pips (77.56%) |
| EURUSD | 20-32 pips | 37-62 pips (90.83%) |