The lack of economic data saw price movement with little overall momentum, which was reflected clearly in our ICS Balances. This again gave us conflicting trends within our GBP pairs but despite this, good
Friday saw some very bizarre and unusual price movements within our domino channel and instruments. The strangest was negative UK data making our Dom Short GBP pairs rise and our Dom Long pairs fall.
The lack of economic data is keeping a lid on overall volatility, with prices keeping in a fairly narrow, consolidating range until some data or news stirs the pot. All our instruments in both
The AUD Index seemed to suffer the same fate as the GBP Index did yesterday. We had a ‘flat plus’ that dropped off a cliff once the UK opened. Again technically this was at
There was a question mark hanging over the strength of the GBP Index, which started the day strong but has been breaching the H4 chart (one month) for several days. When these overbought scenarios