Fundamentals played absolute havoc with our technical Doms today. The pound index started off strong at the UK open but it wasn’t long before the London market movers started dumping the GBP based literally
Today was in total contrast from yesterday with fundamental spikes that put a few spanners in our works. High volatility UK data was announced from the London open at 7am, this being interest rates.
We had another superbly accurate day with our Dom trend directions and specific trade entries. Our Dom Short GBP pairs were helped on from the UK open with up-and-coming high volatility news at 9.30am.
UK fundamentals had little effect on our GBP pairs today. We expected a pre news sell-off which came fairly late but was quite dramatic. Our Dom Long GBP/JPY and GBP/USD pairs benefited from this
Technically, we had a weak GBP so our only Dom Long GBP/AUD was always going to struggle. However there were still some good early trades up to the latter part of the morning. Our Dom