These couple of days there were no clear setups for our trading system. This morning we sent out the following email:
From: Dave Hughe <plainfx@gmail.com>
Date: Thu, Aug 6, 2015 at 6:21 AM
Subject: August 6
To:
There are no clear setups this morning as the markets are getting prepared to be shaken by the host of news coming out today.
The news data being released this morning might tell us when we will get rate hikes in both the UK and U.S. The expectations are for a September hike by the Fed with the Bank of England potentially in November. But there are rumours that we can well get a UK rate hike before the U.S.
Bank of Japan and Reserve Bank of Australia will also release their Monetary Policy Statements today.