After rebounding from a secondary level (1.6074), GBPUSD came close to the option barrier located at 1.6232. Germany’s IFO and the USA’s New Home Sales data favored that. Throughout almost the entire trading session the implied volatility of GBPUSD was at high.
Today’s news reports are numerous but only few of them are important enough to influence the market (GDP and mortgage approvals for the UK and durable goods orders for the US).
All the indexes are expected to grow in value. Significant deviation from the expected values will cause volatility spikes.
Provided by the Department of Options,
