Tatiana Dementieva
Yesterday’s trading session was rather volatile, thus giving volatility buyers an opportunity to make money. As expected, the BoE and ECB’s interest rates decision, the US and eurozone’s trade balance and the US jobless claims were the main market drivers. President Obama and Jean-Claude Trichet’s speeches were yesterday’s key events.
Almost all the macroeconomic data, except the interest rates, failed to match the forecasts, thus pushing the volatility of GBPUSD to the top. Nevertheless, right after the releases the volatility dropped below 34%, thus confirming the recommendations of ’s skilled traders, who had recommended abstaining from purchases.
Today’s news background is poor. The economic reports are few and secondary in terms of their impact on volatility.
According to the department of Options, , GBPUSD is still trading in the price range between 1.5999 and 1.5911.
Tatiana Dementieva
