Daily Alert – Tuesday 14th January 2020: US says China no longer currency manipulator, signing tomorrow

Mark NugentDaily Alert, Jan 2020

Daily Alert – Tuesday 14th January 2020: US says China no longer currency manipulator, signing tomorrow

The US removed China from the list of currency manipulators ahead of the Phase 1 trade deal signing tomorrow (Wednesday). It’s looking likely to be a huge love-in.

Sentiment is positive.

The GBP continues to decline on rate-cutting talk so I short the GBP, spreading the risk over GBPUSD and EURGBP. I also go long on the S&P500 as per the trading plan. The only danger sign I see today is US CPI.

VIP Club members can watch the video HERE