Forex news, GBP/USD. Yesterday gladdened volatility buyers. After long standstill period, news has finally made this indicator lift; this lift was observed at all markets. The pair has strengthened by more than 100 points during the trading session.
The main volatility drivers included the balance of retail sales in Great Britain, consumer confidence index in Germany and the USA, as well as ECB decision to buy out bonds. Such decision can not only increase market liquidity, but also clear the balance of European banks.
Today’s news will be weaker than yesterday, although some indicators are to be taken in close consideration. The volume of ordered durable goods will be most important, as well as mortgage credit request index. Both indicators are important in current economic situation, as they can considerably increase market volatility.
The pair is currently traded between 1.5721 and 1.5635 option barriers. Positions are to be fixed immediately after news issues, as long as the volatility level is high.
Prepared by MF Academy Options Department
