Daily Alert: For Wednesday 23rd March 2016

Mark Nugent2016 H1, Daily Alert, March 2016


Video Below
Fundamentals and Sentiment – New Information (Economic Calendar)

Risk on today.

Tuesday – RBA Governor Stevens says recent data shows the economy picking up at the turn of the year. UK CPI y/y misses at 0.3% vs expectation of 0.4%. German ZEW Economic Sentiment misses at 4.3 vs expectation of 6.3. Anything above 0 is optimistic.

Fundamentals and Sentiment – Market Reaction

Vix is safely below 15. Equities are mixed and flatish. Oil down and commodities flat. USD index up for third consecutive day. JPY flat, CAD and AUD are up and NZD down.

Fundamentals and Sentiment – Financial Media

The media is full of the Brussels attacks.

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1.GBP Weakness

GBPUSD – I placed a pending short at yesterday’s low. Stop 100 pips above. Triggered today and in profit. Stop to breakeven. 1% risk.

I also placed a pending stop at yesterday’s low in GBPNZD. Stop just above the high 215 pips above. 0.5% risk. Triggered today. Stop to breakeven.

2. JPY Weakness

Pending long at Monday’s high. 1% risk. Stop 140 pips below recent low. Triggered today.

3. The FTSE100

Moved outside triange today but currently back inside. Monitor at 10pm.

4. Oil

Pending long at MOnday’s high triggered today. Stop 115 pips below. 1% risk. Currently negative.

5. Watchlist

The EURUSD trade is working but I was not confident enough to take it.


USD Crude oil inventories and NZ Trade Balance.


Your video is below (the detail on the trading plan starts at 2:05).

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