Yesterday was a good day for volatility buyers. As expected, the news background did its job. The markets were rather volatile. The British currency managed to rally and to lose its positions. The major market drivers were Germany and USA’s unemployment data. The former came out 3 times as good as expected, the latter showed a 20K decline.
Today’s news background is also expected to gladden the all the buyers of option strategies. The major economic reports are the eurozone’s news block on unemployment and consumer prices, the USA’s consumer prices and Chicago PMI.
At this point GBPUSD is between 1.5635 and 1.5474, 2 option barriers.
Provided by the Department of Options,
