ICS Balances were pretty much terrible today, leaving little choice between our currency pairs. One of the closest was the GBP/USD but even this wasn’t very good (Strong Minus -v- Weak Plus). The EUR/AUD
Our GBP pairs were both Dom Long and Short today with good trades and points in both directions. Lower volumes are still keeping a lid on overall currency pair gains. The EUR/AUD and German
Apart from medium volatility German data at 7am and an EU block speech at 10am, there was nothing to stir the pot as far as momentum was concerned. Lower volumes are also amplifying movements
The pound index started the day as ‘weak ish’ and continued to weaken more after the UK open. This would make any Dom Long GBP pairs struggle, as our USD pairing did but not
Before we started trading today, there was one pair we knew to immediately dismiss, the GBP/AUD. Even although this was Dom Long, our ICS Balances showed us that both currencies were strong and therefore