Volatility alert for 2023-03-10 13:30

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Unemployment Rate

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 2023-03-10 13:30:

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
USDCHF 25-42 pips 32-52 pips (23.29%)
EURUSD 28-48 pips 44-75 pips (56.39%)
AUDUSD 24-40 pips 38-61 pips (50.42%)
NZDUSD 23-38 pips 40-64 pips (67.03%)
USDJPY 28-51 pips 41-68 pips (32.69%)

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