See exactly how many pips major currency pairs typically move during high-impact news releases like Non-Farm Payrolls (NFP) and CPI.
View historical average volatility
The most volatile monthly event. Measures change in the number of employed people during the previous month, excluding the farming industry.
* Note: Pip values for indices and gold represent points/ticks standard equivalent. Data is based on historical averages and is not guaranteed.
Many prop firms enforce a strict News Trading Embargo. This rule typically states that you cannot open or close trades on correlated instruments 2 minutes before to 2 minutes after a high-impact (Red Folder) news release.
Even if your firm allows news trading, you must be aware of the extreme volatility and slippage that occurs during NFP, CPI, and FOMC announcements. During these events, liquidity dries up, causing spreads to widen massively. Your stop loss is likely to be slipped, resulting in a much larger loss than anticipated, which can easily trigger a daily drawdown breach.