Daily Alert: Thursday 28th February 2019

Mark NugentDaily Alert, Feb 2019

Daily Alert: Thursday 28th February 2019

We stay resolutely risk-off. The Trump-Kim summit fails to reach agreement. Trump’s ex-lawyer dishes the dirt, accusing Trump of everything bar Russian collusion, which is interesting. In China, Manufacturing PMI shows contraction for the third consecutive month. This, plus Westpac lowing Q3 GDP for Australia, hits the AUD, and of course the NZD.

In the UK, PM May’s “three votes” plan is approved and there is talk that the votes may be brought forward to next week form the current scheduled date of 14th March. This is the end game. Please make it the end game.

My GBPUSD hits a very tight stop for a gain of around 4 x risk, or +3.0%.

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