by Ian McArthur | Oct 28, 2022 | News, Weekly Roundup
The GBP continues to be fundamentally driven, making technical analysis and trade entries more difficult. It was a case of ‘swings and roundabouts’ during the UK morning session.
However concentrating on the best ICS Balance in the GBPUSD pair, gave us some very reliable points at our usual times. The GBPAUD may have looked better come the end of the morning, but an ICS conflict meant that the trend momentum, unlike the GBPUSD, was far less predictable.
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.
by Ian McArthur | Oct 27, 2022 | Daily Results, News
Hearing/reading articles on government legislation regarding UK pensions, the delay of the mini-budget and ‘tough decisions’ that are going to be made to help support the economy. Looks like the ‘honeymoon period’ that saw the GBP rise on the new PM is over.
I feel the GBP is being more fundamentally driven again as the markets consolidate in anticipation of government direction. The GBP Index is now standing at a ‘Strong Minus’ from an initial ‘Strong Ish’ from the UK open. The Dom long UK pairs have still given some decent points, with the Dom short EURAUD having an ICS Balance conflict and giving some fair, though manic points.
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.
by Ian McArthur | Oct 26, 2022 | Daily Results, News
Yet again the GBP Index has been much more fundamentally driven today, as the new PM arranges his cabinet. Thankfully this was more inline with our Dom long GBP pairs and very decent points were available at our usual times. The Dom short EURAUD did well also.
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.
by Ian McArthur | Oct 25, 2022 | Daily Results, News
As expected, trading was made difficult today as our GBP was far more fundamentally driven with the change of PM and also statements from the BoE. This disrupted our Dom short GBP pairs as the pound strengthened, while the Dom long EURAUD gave some decent points on a poor ICS Balance. Points available but not easy.
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.
by Ian McArthur | Oct 24, 2022 | Daily Results, News
Despite negative UK economic data today, the GBP is still being fundamentally driven with regards to the next Prime Minister. This has kept the initial strength we saw in the index at the UK open, giving us some decent trades in all our Dom long GBP pairs.
The Dom short EURAUD had a poor ICS Balance and this reflected in awkward trade entries and exits and would have been immediately dismissed at the onset. Not too bad a day!
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.
