Yesterday's data increased the volatility.
In Britain, the Nationwide HPI grew by 0.6%in August vs. the forecast of -0.3%. The bulls immediately took advantage of this.
In the United States the non-farm employment change from ADP amounted to 177K new jobs against 194K in July and the forecast of 174K. This is a positive signal before Friday's data on labor.
The existing home sales rose by 1.3% vs. the forecast of 0.7%. However, Chicago PMI collapsed from 55.8 to 51.5 against the expected decline to 54.1.
Today the UK will present data on Manufacturing PMI which is expected to grow from 48.2 to 49.1. The US Manufacturing PMI is projected to decrease from 52.6 to 52.0, which is probably already known after a weak Chicago index. This can seriously weaken so hard growing industrial production. The industrial data will be published in two weeks.
So the Fed has significant reason to not raise rates in September.
How to trade binary
We would buy Call options if the pair rises above 1.3155. We would buy Put options if the pair falls below 1.3110.
Expiry time: 20:00 GMT