Trade Syndication · Volatility spikes · Wednesday, Oct 28
The volatility spikes of Oct 28: USD/CAD
Each market’s busiest hour against its median hour of the last 20 sessions.
For every market we cover we find its busiest hour of the day and set it against its normal hour: the median one-hour range of its last 20 sessions. A spike is an hour of three times normal or more. These are the biggest on Wednesday, Oct 28, with any scheduled news around them and what the market did in the two hours after. Times are New York time.
- ⚡ USD/CAD 0.41% in an hour (6.2× normal)
1. USD/CAD: a one-hour burst 6.2× its normal hour, around FOMC Press Conference
| One hour | 0.41% (14:30 to 15:30 ET) |
|---|---|
| A normal hour | 0.07% (median of 20 sessions) |
| This hour | 6.2× (a normal hour) |
Between 14:30 and 15:30 ET on Wednesday, USD/CAD traded a 0.41% range, 6.2× a normal hour for it (about 0.07%).
It came with FOMC Press Conference at 14:30 ET.
It moved −0.31% in that hour, then kept going: another 0.05% over the next two hours.
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Prices are from our market data feed; times are New York time (ET), and a day runs New York 17:00 to 17:00. This is market information, not investment advice or a recommendation to trade. Past moves do not predict future ones, and trading involves risk of loss.