EUR/USD, GBP/USD, USD/CAD Trading Ranges Tighten Ahead of NFP
As the Non-Farm Payroll report approaches, trading ranges for major forex pairs remain extremely tight. All pairs, except USD/JPY, have shown minimal movement, with most shifting less than 20 pips during the Asian session. Interestingly, the implied volatility for pairs like USD/CAD, GBP/USD, and NZD/USD is more than double their 10-day average. Traders are preparing for potential volatility post-report, which could shift market dynamics significantly.
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