Forex markets were locked in uneasy consolidation in overnight trade as traders digested Fridays mixed reaction to the US jobs report, with little ahead between now and Tuesdays FOMC announcement to offer greater clarity.
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A noteworthy decline in forex market volatility expectations points to slower price moves in the week ahead, favoring lower-volatility trending strategies amidst steady US Dollar declines.
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Interested in building your own SSI-based strategy? Request SSI data on our forex forum . Choppy U.S. dollar price action has led to mixed Forex trading crowd sentiment, moderating our conviction in calling for further USD weakness.
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