Daily Alert – Thursday 8th February 2024: A quiet week peters out

Mark NugentDaily Alert, January 2024

Daily Alert – Thursday 8th February 2024: A quiet week peters out

Good afternoon.

A quiet week continues to be quiet. Unemployment Claims in the US just missed the expectation, but not by much. Inflation in China is actually deflation, coming in at -0.8% for January.

My EURUSD short almost got to breakeven today but is now floating around a price representing an uncrystallised loss of 1%. If it gets anywhere near breakeven again, I will exit.

The 20:20 Hindsight trade of the week was EURJPY long, making just over 1x ATR over the course of the week, as of 5pm Friday. Hardly stellar. There is nothing in my analyses that would have suggested that as the move was driven by JPY weakness rather than EUR strength. Not everything is predictable.

I’ll be back tomorrow with your Performance Report for January.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE