The markets continue to consolidate as the world still awaits the final outcome of the US Midterm elections. This is giving us poor ICS Balances within our currency pairs and restricted trend momentum. Decent points were still available at our usual times.
See our totals below for the UK morning session alone, with many additional opportunities and points available in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
ICS Balances were mostly in conflict today, making trade entries awkward. Best levels were from extremities of the trading channel, with some good points available at our usual times.
Our GBP pairs favoured the long trend with a strengthening GBP Index on positive UK economic data at 9.30am GMT. This disrupted our Dom short GBPAUD but bolstered our Dom long GBPJPY and GBPUSD.
Another main ICS Balance conflict was the Dom long EURAUD but even here, some decent trades were available.
See our totals below for the UK morning session alone, with many additional opportunities and points available in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
UK CPI data came out as positive to start the day but in recent fashion, this news has weakened the GBP. As all of our related pairs were Dom long, this put a bit of a spanner in the works regarding trend momentum and point gains. We still had some decent points at our usual times, though entries and exits were not quite as sharp as usual.
The Dom short EURAUD didn’t do well on a strengthening EUR Index, though this was expected.
See our totals below for the UK morning session alone, with many additional opportunities and points available in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
