It must be NFP week – the market is giving very little away and seems to be playing a “broker’s game”. Monday’s crash was covered by Tuesday’s Rally which was countered in a 90 minute sell off yesterday, closely followed by a pip for pip response from buyers. Our only order was a Long on M30 that took 4hours to reach TP-1, just prior to Red News which triggered the tumble so a Break even trade resulted.
The Day Ahead
No change – DP Test, then Long………or Short, if the Channel bottom sets up!! Take care – it’s NFP Eve.
|1:45pm||EUR||Minimum Bid Rate|
|EUR||ECB Press Conference|
|USD||Prelim GDP q/q|
Have a great day.