The U.S Dollar strengthened further on Monday as investors continue to react to strong U.S economic data with the belief the Federal Reserve will be more aggressive than previously thought. The Euro and Pound are now near important short term support ratios.
Category : Analysis
The Pound was one of the strongest currencies in forex yesterday as it gained against the U.S Dollar and the Euro. The Yen has been weaker. The U.S jobs numbers tomorrow may cause traders to remain rather cautious short term in forex.
Pound momentum is so strong that it ignores the International Monetary Fund remarks on the pace of the U.K. economic growth, and diversion in call/put negative option ratio (professional option market participants’ views) which are negative for the Pound now.