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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 2023-05-04 12:15:
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|
|AUDUSD||18-31 pips||28-42 pips (33.95%)|
|USDCAD||23-39 pips||40-50 pips (26.86%)|
|NZDUSD||17-28 pips||32-41 pips (44.97%)|
|USDCHF||19-30 pips||30-56 pips (85.36%)|
|GBPUSD||31-52 pips||63-90 pips (71.32%)|
|EURUSD||21-35 pips||52-90 pips (154.80%)|
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