Friday, June 19, 2020

PoC Team on Pause.

08:00 Yesterday, the PoC Team was being picked off. The robots did eventually get the direction correct. However, they ended up down on the day. This calls for direct intervention. Whilst, I am at it, I might as well take a day off. So, it's an early weekend for me.  I can't but get the feeling that the FX market is manipulated. If the market does not behave or go in the direction of the manipulators then you get extreme movements of peaks and troughs until it eventually goes the way designed. Equally, there is a manifest disconnect in the short to medium term between fundamentals, as indicated by figures and market direction. It's all interesting stuff. It also explains why many trading houses and brokers soak retailers.