Daily Alert – Thurs 14 Nov: Risk sentiment tanks but the NZD does reverse, as predicted last night

Mark Nugent Daily Alert, Nov 2019

Daily Alert – Thurs 14 Nov: Risk sentiment tanks but the NZD does reverse, as predicted last night

Risk sentiment turns horrible as we see many misses on the economic calendar. However, as we discussed last night, the bullish NZD did reverse and trading it against the strong JPY is now almost 2 times risk in the money. So you can make money when it’s risk-off!

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

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