As reported by «Market Leader» (US)
GBPUSD: volatility forecast for April 15th 2011
GBPUSD has finally managed to overcome the option barrier at 1.6327 and to consolidate above it. The next resistance level is found at 1.6449, which is an option level as well. 1.6500 remains a psychological level.
Starting from 8.00GMT the EU will start releasing the economic data, including CPI and Trade Balance. The US news block is scheduled for 12.30GMT-13.55GMT. It will include CPI, Emire State Manufacturing, Industrial Production, Capacity Utilization and Michigan University Consumer Sentiment Index.
It is good news for volatility buyers.