by Ian McArthur | Mar 5, 2020 | Daily Results
The Coronavirus is really hammering the stock markets again as more horror stories of the virus arise. This has caused a transfer of risk back on to currencies which played well for our Dom Long instruments, though individual currency balances were far from ideal. There were still some very good trades available, especially our early Jaths.
Of course, this caused casualties in the technically Dom Short EUR/AUD and Dom Long German Dax but there were a couple of trades before they turned.
Currency volumes were initially down until the risk started to move back from stocks and we saw a decent increase as the London session progressed.
We still had a decent day with a maximum potential of 530 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 53 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
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by Ian McArthur | Mar 4, 2020 | Daily Results
Our GBP pairs were both Dom Long and Short today. There was always going to be some manic movement with lots of risk transfer away from most currencies to further bolster stocks. This ‘risk back on’ stocks also affected our initial Short Dom German Dax. High volatility UK Service data was also going to feature and this came in slightly negative.
All in all there were good trades in both technical Dom directions before fundamentals crept in.
We had a respectable day with a maximum potential of 730 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 73 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
by Ian McArthur | Mar 4, 2020 | Daily Results
Our GBP pairs started the day Dom Short, which played well with early trades and the expected high volatility UK Manufacturing data at 9.30am, which surprisingly this came in positive. The result did little to the GBP/JPY but had a trend changing effect against the USD on a weakening dollar. However the huge surprise today was the strengthening of the AUD on an unexpected interest rate cut. This would normally drastically weaken a currency, which had me concerned of the accuracy of our AUD Index. However this strength was confirmed in a Forexlive article and it further showed against the GBP and also the EUR.
