Vlad Demochko
Yesterday’s trading session was special for volatility buyers. Firstly, it nearly updated the high of the year. Secondly, GBPUSD passed nearly 200 pts.
As it was expected, Jean-Claude Trichet and Ben Bernanke’s speeches were the main market drivers. The ECB and Fed Res leaders spoke mainly about the current condition of the global economy but unfortunately spent little time highlighting the plans to prevent the forthcoming recession.
Today’s news background is going to be rich in major economic reports. The most important releases are the UK’s Services PMI, the EU’s Retail Sales and the USA’s ISM Non-Manufacturing PMI. The secondary reports are the USA’s ADP National Employment and Mortgage Lending (news block).
GBPUSD is still rather volatile. Buying option strategies is risky.
Provided by the Department of Options,
Vlad Demochko
