Forex & Markets Update Friday 17.07.20

Forex & Markets Update Friday 17.07.20

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Our Dom Long GBP pairs were put under immediate pressure from the UK open with the BoE Governor speaking at 11am (high volatility rating). The ‘flat plus’ GBP index quickly ran out of steam but we still had some good trades at our usual times with decent points available. However low volumes are very much limiting net gains with spreads that aren’t appearing to be dropping pro-rata.

The EUR/AUD behaved well and the German Dax gave very good points in its usual manic fashion.

Friday saw another decent maximum potential of 450 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.

A 10% target of this figure would have yielded 45 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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Forex & Markets Update Thursday 16.07.20

Forex & Markets Update Thursday 16.07.20

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Yet again we had med and high volatility UK news out at 7am this morning, putting a spanner in the works of our Dom Short GBP pairs with positive employment data. However again, the Doms overpowered the news to continue the short trends to the US open.

The only pair to end up net long come the US open was the GBP/AUD, mainly on a weakening AUD than anything else. All GBP pairs gave good points but again, low volumes and volatility are really keeping a lid on overall gains.

The EUR/AUD behaved very well and the German Dax played its usual manic tricks but yielded some excellent points.

We managed a decent maximum potential of 470 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.

A 10% target of this figure would have yielded 47 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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Forex & Markets Update Tuesday 14.07.20

Forex & Markets Update Tuesday 14.07.20

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Today we saw a bit more trend momentum and direction within our Dom Short GBP pairs and this was despite positive UK data at 7am.

The Doms quickly overpowered the news and even our 7am trades went short at their usual times, apart from the GBP/JPY and GBP/USD of which we understandably had to wait for the 7.15am bar before the drop with some good trades in all.

The EUR/AUD remained long and the Dax ended up fairly flat on negative German data.

We managed a decent maximum potential of 610 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.

A 10% target of this figure would have yielded 61 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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Forex & Markets Update Friday 10.07.20

Forex & Markets Update Friday 10.07.20

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Lack of economic data and conflicting ICS Balances saw prices ‘meandering’ again with very little momentum on Friday. All early trades did very well but lower volatility saw reduced point gains.

Today we managed a fairly decent maximum potential of 595 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.

A 10% target of this figure would have yielded 59 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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Forex & Markets Update Thursday 09.07.20

Forex & Markets Update Thursday 09.07.20

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Today saw another quite straightforward day will little in the way of economic data to get in the way. However this is again reflecting in lower volumes and volatility within our currency pairs. This is now getting exasperated with some of the larger market movers heading out (or in!) for their holidays.

Regardless, our Doms did very well again with a decent maximum potential of 615 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.

A 10% target of this figure would have yielded 61 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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Forex & Markets Update Wednesday 08.07.20

Forex & Markets Update Wednesday 08.07.20

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The markets continue to consolidate with little economic data to stir the pot. ICS Balances were also far from ideal so didn’t help either. The best pair was the GBP/AUD but at 7am, the daily average instrument range stood at 117%.

Once the price dropped to within range, we saw a nice channel with some nice points available.

All our earlier trades did very well regardless and we we managed another decent maximum potential of 630 points from specific Max Day Trading time/price level entries on reduced currency volatility from the UK morning session, with a minimum target of just 30.

A 10% target of this figure would have yielded 63 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.

 

For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.

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