Daily Alert – Thursday 6th February 2020: Indecisive risk tone as we move towards the weekend
Risk sentiment turns indecisive after Wednesday’s strong risk-on attitude. So the JPY and commodity currencies reverse their drops. GBP moves down after the EU consider rewriting MiFID (Market for Financial Instruments Directive) now that the UK has left the EU.
I didn’t place any new trades last night although EURUSD short was tempting. It has moved down today and is probably the FX trade of the week. I will use the rest of the week to manage the trades I have.
If anything of note happens tomorrow I’ll be on WhatsApp. Otherwise, have a great weekend when it comes and I’ll be back on Monday with your Trading Plan for week 7.
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