Video: The Pound Offers Plenty of Technical and Fundamental Opportunity
• More active areas of the markets - like the Dollar's response to Fed - have drawn attention from GBP
• The Sterling is facing key technical levels on most of its most liquid crosses
• An undervalued rated forecast, economic pricing imbalance and more set up more than just volatility
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The Dollar, Euro and US equities have stolen the vast majority of traders' attention. The appetite for flashy headlines and short-term volatility however has distracted us from unfulfilled opportunities elsewhere. One particularly well-positioned setup for the FX market is seen in the Pound. Most of the Sterling-based crosses are facing prominent technical levels. What's more, the fundamentals behind the currency are still highly contentious and thereby far from priced in. With key levels, upcoming event risk and big-picture fundamentals showing imbalance; there is significant opportunity in trading this currency near term. We focus on this currency and its opportunities in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.