Daily Alert: For Thursday 19th November 2015

Mark Nugent2015 H2, Daily Alert

Today’s slides are HERE.

Today’s Economic News

US Building Permits came in on target. All eyes are on the Fed’s Open Market Committee minutes out at 7pm GMT tonight. Institutions now believe there is a 70% chance of a rate hike in December. Let’s see what the minutes suggest. I will report on this tomorrow.

DA19 (1)

Current Trades

After a downwards move in early trading, the GBPNZD rose for the 9th consecutive day. Now up around 1040 pips vs stop of 840 pips. I will place my stop around 600 pips above entry, locking in around 1.4% gain.

DA19 (2)

The EURUSD trade rose to my entry in early trading but fell away to yesterday’s close as of the time of writing.
DA19 (3)

Today’s M1 Trades

Nothing to report today.

Other Opportunities

The AUDUSD has offered some pips as per the alert in Monday’s Weekly Review and Outlook (WRO).DA19 (4)

The GBPJPY (strong + weak) has performed well since I alerted you to it in the WRO of 9th November. It is worth considering entering long on any closure below the red 8EMA line.DA19 (5)