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Be very careful of upcoming volatility because of Canada Employment Change news event later today. We expect a large increase in volatility on the these instruments following the event release at 2023-05-05 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 Employment Change|
|EURUSD||28-48 pips||46-78 pips (64.53%)|
|USDCHF||25-43 pips||37-63 pips (47.11%)|
|AUDUSD||24-40 pips||40-66 pips (61.96%)|
|NZDUSD||23-38 pips||40-64 pips (66.49%)|
|USDCAD||23-39 pips||45-92 pips (134.30%)|
|GBPUSD||31-52 pips||53-106 pips (100.09%)|
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