Daily Alert – Thursday 7th May 2020: Indecisive risk tone becalms markets

Mark Nugent Daily Alert, May 2020

Daily Alert – Thursday 7th May 2020: Indecisive risk tone becalms markets

Maybe there has been too much fun and games recently. The sentiment has been indecisive all week. However, I did take a currency trade last night – EURJPY short based on EUR weakness and JPY strength. So far so bad – the JPY has weakened overnight as Japanese traders return to their desks after the Golden Week holiday. They are all drunk and clearly making bad decisions. Once they sober up I’ll be looking for a return of the strong JPY which will push my trade into profit. Or not.

Have a great weekend when it comes.

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