The GBPUSD went into the weekend near the 1.20430 ratio after a rather choppy and nervous display of trading the entire week- Forex Trading FX Money Markets
A low around the 1.19220 ratio was tested early on Monday and then on Thursday. However, on Tuesday a high near the 1.21445 mark was briefly displayed. Having finished the week of trading within the middle of its five day range, the GBP/USD will certainly provide more nervousness and it has the potential to experience a whirlwind of volatility in the coming days.Speculators may want to fasten their seatbelts and brace for the possibility the GBP/USD will provide whipsaw results this week.
. His comments are sure to be given attention and analysts will try to get a better outlook on the Fed’s perception of the U.S economy, including inflation, growth and interest rate policy. The Fed will certainly raise its key lending rate by another 0.25% on the 22of March, but what financial houses want to know is what will happen after this hike. Further hikes are currently anticipated, but some financial houses still have hopes the U.S Fed will become more dovish in the mid-term.
The move higher is an indication that some bullish perspectives likely remain among financial institutions which are thinking long-term. Day traders do not have this advantage while making quick hitting wagers, but the notion that sentiment still exists which can cause upwards momentum is intriguing.
The tests of lows last week and reversals higher may be viewed optimistically by bullish traders, but it could also be a signal that if lows are tested again they could be penetrated this time around.
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