Trading Video: Heavy Event Risk Threatens GBPUSD Break
• After last week's extremely volatility and volume lull, a seasonal/historical revival is proving slow
• Activity and participation remain the top concern for traders and their approach going forward
See volume behind the majors during the NFPs and ECB rate decision to gauge your trading approach using the free FXCM Real Volume and Transactions indicators.
The first day back from last week's extreme volatility lull and we have yet to a comprehensive change in trading conditions. A sudden revival in volatility and participation is unlikely, but a systemic shift is likely from a seasonal and historical perspective. This assessment is at the root of what setups can be expected to play out, how to trade those opportunities and generally what strategies to use. With mind to the market backdrop, event risk picks up over the coming 24 hours. Of particular interest is the UK data as the market tends to its aggressive BoE rate forecasts and US Fed speakers who can reshape the timing of policy tightening. We look at the big picture and individual setups in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.