All About The Euro In The London Forex Trading Session

With the focus later on the ECB and Draghi, there was only one currency to consider at the start of the London forex session and that was the single currency of the euro. And ahead of the release there were plenty of trading opportunities in the EUR/USD and also the cross currency pairs of the EUR/AUD and the EUR/NZD, and all revealed on the currency strength indicator, the currency matrix and the currency array. Moving to the currency heatmap we take a quick look at the yen matrix which has seen strong selling of the yen since the extreme buying volume of the 26th August.

Currency options and implied volatility are rarely considered by forex traders, but again these instruments provide valuable clues as to whether volatility is rising or falling when compared to last week or last month, and so providing insights into which pairs may provide the best opportunities in the future.