Volatility alert for 06 May 12:30

Employment Change

Due to the Canada Employment Change news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 06 May 12:30:

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 (14.32%)
EURUSD 26-45 pips 44-51 pips (14.03%)
AUDUSD 21-36 pips 36-40 pips (13.10%)
NZDUSD 21-34 pips 38-61 pips (78.47%)
USDJPY 21-36 pips 41-52 pips (44.38%)
USDCAD 31-53 pips 73-117 pips (119.42%)