Target Practice

Markets always love a target. A piece of data; a specific date; an event. Something binary. Higher, lower, a cap, a floor, a vote.

G20 this weekend? Buy overnight AUD/USD upside in the event of a trade deal between Xi and Trump!
December 11th Brexit vote? Do nothing until the scale of government defeat is clear and then buy or sell GBP accordingly!
Italy budgetary woes? Ignore until a date is in place for the disciplinary procedure (even . . .

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