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Attention turns to the Pound today as markets remain unstable and volatile

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Price action in the major instruments during the past 24 hours remained pretty much on the same tempo as on Monday with volatility elevated and a lot of changes in direction. It seems that investors are still on a waiting stance and don’t want to commit to fresh traders for the long term after the surprise miss on the US jobs report last week. We believe that this is a natural reaction as the surprise miss would have investors adjusting their expectations on the majors instruments’ outlook

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