Be very careful of upcoming volatility. We expect a $220 movement on EURUSD.

Be very careful of upcoming volatility because of Canada Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in Canada, we expect a $220 movement on EURUSD within 12 hours following the event release at 20 Nov 13:30. We expect this to happen if the released value is = 1.9%. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jul 12:30
15 May 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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