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. This still may take quite a bit of time.
FRIDAY
Early UK economic data made technical trading at 7am almost redundant in our GBP pairs. However the positive news did little to lift the strength of the pound and later trades were still fairly decent.
The best ICS Balance, for a change, was the EUR/AUD and this gave more relaxed points with easy entries and exits.
There was an early warning on the Dax 6am analysis, which was trending almost flat though slightly short. Positive German data at 8.30am should have seen the trend reverse but this stayed the same with some good, though manic trades.
Friday saw another decent maximum potential of 570 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 57 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.2,975 genuine potential points Monday to Friday. A 10% target would have yielded 297 points.