Daily Alert – Tuesday 18th February 2020: Apple profit warning pushed JPY up, commodity FX down
Apple issued a profit warning yesterday due to coronavirus which is forecast to hit sales. This immediately caused sentiment to sour with equities down, JPY up, commodity currencies down, GOLD up and WTI down. All as we have come to expect. This of course gives us opportunity. I go through the options in the video.
The GBP is also getting bashed by the gulf in expectation between the UK and EU on the free trade agreement discussions. The EU are insisting on a “level playing field” or, to put it another way, making the UK a rule-taker. The UK is implacably opposition to this.
Hope to see you tomorrow at the webinar at 7pm. Have a great day.
VIP Club members can watch the video HERE