Nataly Kambur
Forex news, GBP/USD. As predicted, yesterday’s volatility trade was calmer than on Tuesday. During the first half of the day the pair remained within flat, and it was only at the end of European session that it has rapidly left the zone of flat and passed almost 100 points. Auxiliary option barrier 1.5635 provided support during the first half of the day and provided resistance when the zone of flat was left.
Volatility level was approaching maximum during the whole trading session. The volume of ordered durable goods and mortgage credit request index were the main drivers. However, the fact that there was no progress in assigning financial support to Greece was of major importance. Disagreements between European leaders have eased the expectations of big players to solve the issue in the nearest future.
Today’s news will be rich in important statistics data. US and German labour markets as well as US GDP will become the main indicators, whereas US and Great Britain real estate market will be of medium significance.
The pair is currently traded between 1.5635 and 1.5474 auxiliary barriers.
Prepared by MF Academy Department of Options
Nataly Kambur
