Early UK economic data influenced our GBP pairs today. The news was a bit of a mix bag but because of the results of Industrial and Manufacturing Production (as opposed to Trade Balance) the effect was generally positive and the pound strengthened nicely leading up to the US open (End of London morning session). This enhanced our Dom Long pairs with some excellent points available but was detrimental to our Dom Short GBP/AUD. However there were some very good points in the short direction in early trading and this short prediction of the GBP/AUD continued until the time of writing (approx 22.00 BST). Amazing stuff!
The EUR/AUD gave a potential of 210 points, something that I forgot to edit into the chart, apologies.
The German Dax did extremely well in early trading but ended up relatively flat come ther US open. This could have possibly been the result of a pre news sell-off leading to high volatility rating ECB Published Accounts at 12.30 BST.
Currency volatility is leveling off but unfortunately our brokers have not adjusted our spreads accordingly. Thieving stewards! We managed another respectable maximum potential of 825 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 82 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.

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