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, with the full findings being published by mid August. Several other counties are now pushing for similar forensic audits in the light of the highly praised conduct of the current one.
FRIDAY
The GBP Index itself was all over the place today with no momentum in any direction. Trends were therefore reliant on the strength or weakness of its pairing, giving us swings and roundabouts in our GBP pairs that were both Dom long and short.
There were lots of hesitation in the markets prior to the US NFP, the biggest announcement of the month and this reflected almost everywhere. All in all, we still managed some decent points at our usual times in all our instruments.
Friday saw a reasonable maximum potential of 525 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 52 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
Weekly totals came in at 2,855