Be very careful of upcoming volatility following Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 10 Jun 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 Employment Change |
|---|---|---|
| USDCHF | 22-36 pips | 32-41 pips (13.73%) |
| EURUSD | 26-45 pips | 44-51 pips (14.41%) |
| AUDUSD | 22-36 pips | 36-40 pips (10.81%) |
| NZDUSD | 21-34 pips | 38-61 pips (77.19%) |
| USDJPY | 22-38 pips | 41-52 pips (37.58%) |
| USDCAD | 31-53 pips | 73-117 pips (120.08%) |