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Be very careful of upcoming volatility. We expect a $520 movement on AUDUSD.

Be very careful of upcoming volatility because of Euro Area Business Confidence news event later today. Based on the last 12 Business Confidence events in Euro Area, we expect a $520 movement on AUDUSD within 48 hours following the event release at 28 Nov 10:00. We expect this to happen if the released value is < -0.14. A price movement of 52 pips is expected. Historical events that allowed us to draw this conclusion

27 Jun 09:00
28 May 09:00
29 Apr 09:00
28 Mar 10:00
30 Jan 10:00
08 Jan 10:00

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

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