Daily Alert: Tuesday 21st May 2019

Mark Nugent Daily Alert, May 2019

Daily Alert: Tuesday 21st May 2019

The markets go risk off as the impact of Google’s Trump-inspired severing of links with Huawei sinks in…Trump actually rolls things back a wee bit by giving Huawei a 90 day license to operate and for US firms to continue to make supplies.

As predicted yesterday in the Trading Plan, it looks like the boost to the AUD by the weekend’s election result is short-lived. I take a second AUDUSD short. I remain bearish on the AUD, especially after this morning’s comments by the Reserve Bank of Australia.

Equities are pulling back, giving better pricing for a long when the time is right.

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