Be very careful of upcoming volatility because of Canada Inflation Rate YoY news event later today. We expect a large increase in volatility on the these instruments following the event release at 17 Nov 13:30 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 Inflation Rate YoY |
|---|---|---|
| USDCAD | 32-54 pips | 89-124 pips (130.26%) |