Forex Market Volatility

- Forex volatility prices surge ahead of highly-anticipated US Federal Reserve Meeting- British Pound volatility near-guaranteed on pivotal week for GBP pairs- Jump in volatility prices leaves our focus on Breakout2 trading strategy

Forex volatility seems near-guaranteed on a pivotal week for the US Dollar. Our focus turns to high-volatility trading with a special focus on USD and GBP pairs.

Short-term volatility prices/expectations have surged to their highest since mid-January as traders predict important financial market moves on a highly-anticipated US Federal Reserve rate announcement. Recent shifts in global interest rate markets as well as the S&P 500 and broader equities make the next market moves especially significant; despite hitting record-highs in February, the S&P has now traded lower for three consecutive weeks and effective erased all year-to-date gains.

Whether or not equity markets can recover from the recent market shift may depend on the Fed’s next moves, and the overall uncertainty leaves us in favor of high-volatility trading strategies across highly-affected currency pairs.

Daily FOREX Report

EUR/USD:

The EURUSD rose during the session on yesterday, but then struggled at the 1.06 level. With that,
the market looks as if it's ready to continue going lower, but we also recognize that the 1.05 level
below is going to be supportive which is very strong. If we can make a fresh, new low we would be
much more aggressive about our position. With that, we are playing “small ball”, but will eventually
press the issue

GBP/USD:

The GBPUSD broke higher during the course of the session on yesterday, slicing back above the

1.48 level. With that, the market looks as if we are testing the resistance barrier that extends all the

way to the 1.50 level. Because of this, the market looks as if it will offer a selling opportunity

sooner or later, and we have to wait to find a resistant candle in order to start selling again. It is not

until we break well above the 1.50 level that we would be buying. However, at this point of time we

are waiting for our opportunity to sell.

AUD/USD:

The AUDUSD tried to break out to the upside during the session on yesterday, but pulled back to

form a bit of a shooting star. With that, it looks as if the market is ready to continue to go lower,

probably heading down to the 0.75 level given enough time. We believe that this market is going to

be one that you can sell every time it rallies,because there is so much in the way of bearish

pressure. We believe that the market will eventually break down below the 0.75 level, and then will

head to the 0.70 level.

USD/JPY

The USDJPY initially fell during the session on yesterday, but found enough support to turn things back

around and formed a hammer. With that, it looks like the USD/JPY will continue to go higher. The 122 level

might be slightly resistive, but it's only a matter of time before we break out above there. With that, we are

bullish, and have no interest in selling this market as we think that there is more than enough support below

to keep this market from falling for any significant amount of time.

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