Volatility alert for 2022-11-04 12:30

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Unemployment Rate

Due to the Canada Unemployment Rate news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 2022-11-04 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
NZDUSD 22-37 pips 38-61 pips (65.08%)
USDCAD 33-56 pips 73-117 pips (108.14%)

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