USD PRICE ANALYSIS – US DOLLAR CHARTS & TRADING LEVELS TO WATCH THIS WEEK: GBP/USD, USD/JPY, AUD/USDUSD worth motion is antic
USD PRICE ANALYSIS – US DOLLAR CHARTS & TRADING LEVELS TO WATCH THIS WEEK: GBP/USD, USD/JPY, AUD/USD
USD worth motion is anticipated to rise from excessive lows this week in accordance with the latest spike in US Greenback implied volatility readings. This possible comes as little shock, nonetheless, contemplating the forex economic calendar is plagued by elementary occasion danger all through the buying and selling week.
CHART OF US DOLLAR IMPLIED VOLATILITY (1-WEEK)
The US Greenback is already getting a lift to begin the week on stability with the DXY Index surging 0.5% again towards the 98.00 deal with. Majority of right now’s upside within the US Greenback Index may be attributed to a plunge within the GBP/USD costs forward of preliminary EU-UK trade talks.
GBP/USD PRICE CHART: DAILY TIME FRAME (SEPTEMBER 2019 TO FEBRUARY 2020)
The Pound Sterling is already off by about 160-pips towards its US Greenback counterpart so this week, which has despatched spot GBP/USD to check the 1.3000 deal with and now trades under its one-week implied buying and selling vary calculated from Friday’s closing worth.
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