The USD Expects High Volatility Today!

There are several important events coming out of the U.S. and Europe including the German Ifo Business Climate and FOMC Meeting Minutes. These events always provide for extreme market volatility in the major currency pairs.

9:00 GMT: German Ifo Business Climate

This indicator reflects the level of a composite index based on surveyed manufacturers, builders, wholesalers, and retailers
The release of the survey typically creates a volatile trading environment.
If the results turn out to be lower than forecasts, then the EUR may record a fairly bearish session in today’s trading.

19:00 GMT: FOMC Meeting Minutes

This meeting is very important as it is very likely to Impact the Dollar volatility.
Traders are advised to watch closely, as this is likely to set the pace of the dollar going into today’s trading.
Traders should pay close attention to the market as there is an opportunity for traders to capitalize on the fluctuations which are likely to follow this meeting.