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 UK pound remained on strong side after mixed economic data at the UK open, but unfortunately so did it’s counterparts in our GBP pairs. There was an unusual strengthening of the USD and more especially the AUD indexes by mid morning.
The AUD both bolstered and hindered our related pairs, with the Dom short EUR/AUD making the most of the move.
I made an official warning against the Dom long Dax as being borderline, however after a slow start, the price quickly shot up with some decent points on very low volumes.
Friday saw an identical maximum potential of 560 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 56 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: 2,660 points.