Yesterday the buyers of option strategies didn’t have an opportunity to make profits. There were almost no economic reports. The only news was new home sales (US). The indicator had declined down to 6-month low. Unfortunately, these figures didn’t cause any volatility growth.
During yesterday’s trading session GBPUSD passed almost 100 points.
Today’s news background is sure to gladden volatility buyers. There will be a lot reports and almost all of them will be significant enough to make the volatility of GBPUSD surge. Some of the major economic reports are Germany’s GfK consumer sentiment, Adam Posen’s speech, the USA’s consumer confidence and Richmond Fed manufacturing Index as well as the UK’s retail sales.
At the moment the currency pair is being traded between 2 secondary option barriers - 1.5474 and 1.5635.
However, it is still not recommended to buy option strategies as the current level of volatility is still above average.
Provided by the Department of Options,
