WELCOME TO OUR WEEKLY ROUNDUP.
Coronavirus, EU relations (Brexit) and US voting fraud investigations continue to cause very low volumes and volatility, as the markets wait for clearer conclusions as to final outcomes. The Arizona forensic audiit looks set to continue until the end of June, where full findings will be published.
FRIDAY
The initial ‘Weak Ish’ UK pound strengthened on positive construction data, giving a boost to our Dom long pairs but hindering the Dom short GBP/USD. However this pair still yielded some decent early points.
Poor ICS Balance kept momentum to a minimum in the Dom long EUR/AUD but again we knew this was going to happen before the UK open. Fair points were still available at our usual times on extremely low volumes, which is still a mystery that has extended from the Christmas holidays.
Again there was very little momentum in the Dom long Dax, as early German construction data came in below previous.
Friday saw a slightly reduced maximum potential of 405 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
JUST A TEN PERCENT target of this figure would have yielded 40 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
Weekly totals: 1,745 points over 4 days.