GFT predicts increased volatility
CURRENCY FORECASTS
Paul Jamgotch, the online trading firm's managing FX dealer, said GFT has been actively trying to create more volatility in the markets, but so far has made little impact. Its technical forecasting models predict that action from market participants will be needed to break the trend lines that represent the range trading.
Jamgotch told FX Week that there is not much on the forecasting horizon that could push the euro/dollar out of the 1.25–1.29 range. "We should see euro/dollar begin to test the
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