Daily Alert – Friday 10th July 2020: Covid reality bites; short trade videos

Mark Nugent Daily Alert, July 2020

Daily Alert – Friday 10th July 2020: Covid reality bites; short trade videos

It looks like reality has finally struck the markets with new Covid cases in the US hitting highs on a daily basis. Sentiment has been indecisive or risk-off. There is no sign of positive sentiment anywhere.

Equities are down on the week, with the exception of the Nasdaq, and there is little movement in currencies. The trade of the week was GOLD, driven upwards by central banks yield curve control, as discussed on Monday, and probably helped by the negative sentiment.

I have short review videos of closed trades in the VIP Club members’ area: this week’s GOLD long that closed for +2.62% and last week’s CADJPY long which closed for +1.58%.

Have a great weekend and I’ll be back on Monday.

VIP Club members can watch the video HERE