Volatility alert for 2023-05-05 12:30

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Employment Change

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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