As the London session gets underway we take a look at the date from overnight which is dominated by the Chinese PMI numbers. These raised some comments from around the world given the current crisis, and in addition, the Aussie spiked lower ahead of the news, before recovering, which again raised questions over leaked data. Risk markets reacted cautiously and as the London forex session opens, the British pound and the Aussie are the ones to watch. Plenty of lively sideways price action before the volatile trend starts to develop on both the time-based charts and Renko charts. And of course all based around Wyckoff’s three laws and underpinned by volume price analysis.
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