Changing attitudes to risk can bring a lot of destruction in the foreign exchange market

According to dealers, the consolidation pursued in foreign exchange markets, complicates the formation of trading signals, but high volatility shows that for short-term breakthrough bands can be followed by sudden movement. Euro / dollar traded at this point in the range, the limited support at the level of 1.29 and a fairly strong resistance area 1.33-1.34. The implicit volatility of options on the market indicates that in the near future that will change little, however, any extraordinary event that could trigger a breakthrough channel, can make a difference in volatility. Should closely monitor the treatment of risk in global markets, as well as for his influence on the currency. Growth of S & P 500 is quite consistent with the strengthening of high-yield currencies such as euro and pound against the yen and the dollar. However, the change of sentiment could easily break the long-run trends.