Daily Alert – Tuesday 20th February 2024: Markets are waiting…

Mark NugentDaily Alert, February 2024

Daily Alert – Tuesday 20th February 2024: Markets are waiting…

Good afternoon.

The markets are still waiting for some form of catalyst. Yesterday’s risk sentiment was indecisive with only the JPY registering any movement at all within the five measures we consider.

Inflation in Canada missed to the downside (good if you want to conquer inflation). The Reserve Bank of Australia’s Meeting Minutes re-iterated their slightly hawkish position, as stated at the rate meeting on 6th February.

In the video, amongst other things, I look closely at EURUSD and EURGBP.

I’ll be back tomorrow.

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