Be very careful of upcoming volatility because of United States Retail Sales MoM news event later today. We expect a large increase in volatility on the these instruments following the event release at 16 Sep 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 US Retail Sales MoM |
|---|---|---|
| USDCAD | 32-54 pips | 44-75 pips (39.77%) |
| AUDUSD | 19-32 pips | 31-55 pips (72.81%) |
| USDCHF | 21-33 pips | 37-60 pips (79.06%) |
| NZDUSD | 19-30 pips | 35-63 pips (110.29%) |
| GBPUSD | 34-57 pips | 57-98 pips (71.69%) |
| EURUSD | 23-40 pips | 44-75 pips (89.57%) |
| USDJPY | 22-39 pips | 53-104 pips (162.12%) |