Daily Alert – Thursday 13th February 2020: Chinese authorities destroy trust in their virus numbers

Mark Nugent Daily Alert, Feb 2020

Daily Alert – Thursday 13th February 2020: Chinese authorities destroy trust in their virus numbers

A shock increase of 14,000 in virus cases and over 200 additional deaths overnight has moved the market into risk-off and shredded the Chinese authorities’ credibility. Equities fall and the JPY resumes it’s rise.

I won’t be adding trades tonight as it is a Thursday. However, while we are risk off, a strong JPY is an obvious trade. Equities long will be a second, obvious trade, once we see a turn in sentiment.

My EURAUD closes for a gain of +1.48%.

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