Daily Alert – Friday 2nd October 2020: Trump has Covid-19, equities fall

Mark NugentDaily Alert, Oct 2020

Daily Alert – Friday 2nd October 2020: Trump has Covid-19, equities fall

The week has been mostly risk-on until the overnight news that Trump has tested positive for Covid-19. Equities fall.

The Brexit talks formally ended today with no agreement. However, PM Johnson is due to meet EU Commission President Ursula von der Leyen tomorrow, Saturday. Both sides claim to want a deal. The mood music is positive.

Wednesday’s Presidential Debate was a car crash horror show with both sides claiming victory but in reality, both sides were diminished.

As I write (1600 BST), US equities are up on the week despite today’s fall. WTI clings to resistance and GOLD grinds slowly upwards. On currencies, the sentiment-driven USD, JPY and commodity currency moves have been predictable, although a reversal has been seen today on the Trump/Covid news.

I opened and closed three trades this week:

Trade 51: Japan225 long, -1.17%
Trade 52: AUDJPY long, +3.09%
Trade 53: GOLD long, +1.46%

Brief review videos of these trades are available in the Member’s area under the “Trades” tab.

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

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