Be very careful of upcoming volatility because of Canada Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 2022-09-09 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 Unemployment Rate|
|EURUSD||27-46 pips||44-52 pips (11.40%)|
|NZDUSD||22-35 pips||38-61 pips (71.75%)|
|USDJPY||25-44 pips||41-52 pips (20.09%)|
|USDCAD||31-53 pips||73-117 pips (120.45%)|