Volatility alert for 06 May 12:30

Unemployment Rate

Be very careful of upcoming volatility following United States Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 06 May 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 Unemployment Rate
USDCHF 22-36 pips 35-46 pips (27.30%)
EURUSD 26-45 pips 46-51 pips (14.03%)
NZDUSD 21-34 pips 39-57 pips (67.86%)
AUDUSD 21-36 pips 37-54 pips (49.51%)
USDJPY 21-36 pips 42-52 pips (44.38%)
USDCAD 31-53 pips 71-114 pips (113.67%)