Daily Alert – Thursday 30th January 2020: Risk-off sentiment returns as expected, price movements predictable

Mark Nugent Daily Alert, Jan 2020

Daily Alert – Thursday 30th January 2020: Risk-off sentiment returns as expected, price movements predictable

Risk sentiment turned sour on Wednesday and today as per expectation. Equities, commodity currencies and WTI drop; JPY rises. It’s all just as it should be.

I take a NZDJPY short to trade the sentiment and so far it’s doing well.

I won’t place any new trades tonight and tomorrow is month end so it’s a time for caution. Next week is another week. I already see WTI in an excellent technical position for trading.

Have a great weekend when it comes. I will send out the January Performance Report tomorrow.

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