Daily Alert – Thursday 21st May 2020: Trump blasts China; China threatens Australia
The war of words continues between the US and China and China threatens the Australian economy. It is all very unseemly. Risk sentiment was just, just risk-on and is now (1030 BST Thursday) indecisive.
We have had a slew of CPI and PMI numbers from multiple territories and they are all horrible.
Gov Lowe at the Reserve Bank of Australia back-pedalled on negative interest rates, saying they are “extraordinarily unlikely”.
My AUDJPY long continues to perform but the AUD has weakened today so I will keep my eye on it and won’t let it fall too far.
Have a great weekend when it comes, and I’ll be back on Monday with your Trading Plan for week 22.
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