Daily Alert: Thursday 16th May 2019

Mark NugentDaily Alert, May 2019

Daily Alert: Thursday 16th May 2019

Trump talks up sentiment a bit more by delaying tariffs on EU autos.

In Australia, Unemployment and Employment figures both miss. This is the key metric the Bank of Australia is monitoring to judge their interest rate position. Cuts are looking more likely. Thus adds to the reasons to short the AUD, which I did last night, before these figures were released. My S&P500 is still alive after almost being taken out at breakeven. A glance at the weekly dashboard shows where sentiment is – positive.

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

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