Be very careful of upcoming volatility following Australia Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 19 May 01:30 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 AU Unemployment Rate|
|EURUSD||13-21 pips||15-25 pips (16.04%)|
|USDCHF||10-15 pips||12-19 pips (26.04%)|
|AUDUSD||15-26 pips||32-55 pips (108.96%)|