Be very careful of upcoming volatility because of 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 10 Mar 12:45 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 (29.56%) |
| USDCHF | 16-26 pips | 26-32 pips (22.90%) |
| GBPUSD | 30-49 pips | 51-90 pips (82.14%) |
| EURUSD | 19-32 pips | 36-59 pips (81.84%) |