Be very careful of upcoming volatility because of Australia Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 11 Nov 00:30 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 AU Unemployment Rate |
|---|---|---|
| USDJPY | 19-35 pips | 28-47 pips (36.25%) |
| USDCAD | 14-22 pips | 20-30 pips (35.05%) |
| USDCHF | 10-16 pips | 15-20 pips (23.51%) |
| EURUSD | 12-20 pips | 22-41 pips (102.20%) |
| AUDUSD | 14-23 pips | 46-57 pips (143.80%) |
| GBPUSD | 17-28 pips | 22-36 pips (26.58%) |