We are writing to give you advanced warning of potential volatility on the back of significant economic announcements. You may want to consider these announcements and factor them into your trading decisions.
The significant announcements and the currencies affected include:
25th October
- 03:30 - CPI q/q (AUD)
- ?17:00 - CAD:
- BOC Monetary Policy Report
- BOC Rate Statement
- Overnight Rate
26th October
- 14:45 - Minimum Bid Rate (EUR)
- 15:30 - ECB Press Conference (EUR)
*All times are Server Time (GMT+3)
Notes:
- the CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.
- Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.
Clients should understand that we are not suggesting price movements will go in a particular direction, nor do we encourage you to trade the volatility. We are simply giving you an advanced warning of significant price movements so you can adjust your trades to mitigate the volatility.
IMPORTANT! We remind you that liquidity tends to get thinner, and spreads tend to widen during economic news. We strongly advise you to exercise caution when trading during these specific dates.
Should you have any questions, please do not hesitate to
Contact us.
