ECB Interest Rate Decision
Due to the Euro Area ECB Interest Rate Decision news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 09 Jun 11:45:
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 EMU ECB Interest Rate Decision|
|NZDUSD||16-25 pips||19-32 pips (27.04%)|
|USDCHF||17-26 pips||23-30 pips (14.66%)|
|GBPUSD||31-51 pips||51-90 pips (77.56%)|
|EURUSD||20-32 pips||37-62 pips (90.83%)|