Gold continues to be the favoured trading instrument among our top 10 traders, with Mao Long Yang exclusively focusing on the precious metal.
As you can see from the chart below, Mao Long Yang has extended his lead and is now sitting on 328% return as of the screen capture time.
The bulk of Mao’s overnight wins came from shorting Gold around the $1,720.68 level, only to close out at $1,717.61.
Gold had a strong push higher from intraday lows, only to see sellers dominate, locking in their profits.
Mao seems to like selling strength, waiting for a pullback from short-term highs, only to close back on the weakness from the top.
Towards the end of their trading day, activity was dominated by buying Gold, only to scalp back those positions once they moved in favour by a few points.
He Man Su, on the other hand, managed to get set on a strong winner trading the Euro dollar.
As the consolidation pattern continued lower, He Man Su managed to get set long, in the hope of momentum continuing higher.
As you can see around 14:00hrs on the chart (the first spike higher), the Euro dollar rocketed higher, following the ECB Interest Rate Decision, following closely by the ECB Press Conference.
On hearing the news, the position was closed some 48pips higher, locking in an impressive gain to see his account rocket to 2nd on the leaderboard.
Non-farm payroll data release tonight
As you are no doubt aware, the Non-farm payroll (NFP) data release is due out tonight, which will greatly impact the USD and crosses.
This will be one to watch for sure. Keep an eye on the leaderboard the hour following the NFP release. Then you will see who are the news and momentum based traders.
