We don't need news in August

We don’t need news in August

In August 2020, traders focus on very specific events:

1️⃣ the US presidential election
2️⃣ China-America Relations
3️⃣ It’s the same virus

Using the usual tactic “news release = volatility” will not work, since the market is “busy” with other ideas. In general, everyone understands that statistics will deteriorate. As a com. So – priority for gold, yen, franc. It’s just generally a priority to buy them. Enter points and goals only with technical reasons.