Tatiana Dementieva
Yesterday’s trading session was cardinally different from Wednesday’s one. The economic stats did their job even though GBPUSD closed the day not far from the price it stated the day with.
Yesterday’s US unemployment and housing stats as well as the UK’s retail sales gladdened volatility buyers.
Today’s there won’t be as much significant stats as yesterday. Moreover, it is the last day of the trading week and the end of November’s option session at CME. That is why it is recommended to close trades in order to avoid unpleasant surprises at the beginning of the next session.
At the moment the currency pair keeps staying in the 1.5721 - 1.5824 range. The volatility can increase. Major market participants are focused on the eurozone crisis. The main task is to get ready for a quick change in Italy’s political arena. As for the implied volatility of GBPUSD, this factor may turn out to be more influential than economic stats.
Tatiana Dementieva
