Daily Alert: Thursday 2nd May 2019

Mark NugentDaily Alert, May 2019

Daily Alert: Thursday 2nd May 2019

The Fed was less dovish than expected (= more hawkish) and the USD rose. As expected, equities fell, giving those of us who want to go long a nice pullback for better entry prices.

The Bank of England was reasonably robust and sees the need to raise interest rates post-Brexit to get to the 2% inflation target.

The USD seems to be rising again, not simply due to the Fed, (the trend is up on the weekly chart) and the EUR seems to be falling (the trend is down on the weekly chart). Could be very tradable. Also, I see a NZD downward trend now on the weekly (two lower highs and two lower lows).

I’ll send you a Performance Report tomorrow. Have a great weekend when it comes, and I’ll be back on Tuesday after the UK Bank

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Here is your video:

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