Daily Alert – Thursday 9th November 2023: China struggling to shake off covid

Mark NugentDaily Alert, Nov 2023

Daily Alert – Thursday 9th November 2023: China struggling to shake off covid

Good afternoon.

The quietness continues in the markets.

US Unemployment Claims came in bang on target at 217K and as such there was nothing to talk about that might move the markets.

Inflation in China was negative (deflation) and worse than expected. The Producer Price Index was even worse. The people are not buying the stuff in the shops, despite stimulus from the government and supposed pent-up demand post-covid.

My GBPUSD short is grinding down painfully slowly, but still in-the-money so no worries.

That is it. I will be back tomorrow with a brief video on last week’s lovely S&P500 long trade, and your Performance Report for October.

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