Daily Alert – Tues 10 Sept: Sentiment holding, commodity FX still up, USD and JPY still down

Mark Nugent Daily Alert, Sept 2019

Daily Alert – Tues 10 Sept: Sentiment holding, commodity FX still up, USD and JPY still down

Apologies for failing to send out the email guiding you to the Trading Plan. I recorded the Trading Plan on Sunday and it is on the website.

Looking at the markets now, equities are holding last week’s gains but not moving forward. The FX position is largely unchanged. With the UK Parliament now having been prorogued, the positive sentiment on the GBP may dry up and we may see a period of sideways movement.

Commodity currencies are still showing the sentiment-driven rally and may offer interesting trading opportunities against the weakening USD and JPY. As I said in the Trading Plan, it’s all about the sentiment.

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Here is your video:

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