Currency volumes remain stubbornly low and a lack of economic data is showing in our ICS Balances, with little momentum anywhere. Our GBP pairs were both Dom long and short today with decent points in both directions at our usual times.
The Dom short EUR/AUD had some good points and the weak euro should have benefited the Dom long German Dax but this struggled from the UK open. Two possibilities for this was an article citing coronavirus concerns, with also a hint of political uncertainty surrounding Brexit and German data that was due out at 13.00. All in all there were still some good points but entries were a little more tricky than usual.
Tuesday saw a greatly reduced but decent maximum potential of 605 points from specific Max Day Trading time/price level entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 60 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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