Daily Alert – Tuesday 23rd June 2020: US Trade Advisor Navarro says China deal “over”, recants

Mark Nugent Daily Alert, June 2020

Daily Alert – Tuesday 23rd June 2020: US Trade Advisor Navarro says China deal “over”, recants

Well we had some fun in the middle of the night when US Trade Advisor Navarro said the China trade deal was “over”. His boss Trump spanked him and then Navarro said he was quoted out of context. It’s all fun and games but the markets reacted to the first quote and almost took out my AUDJPY long. However, I managed to survive although the price got to within a few pips of my stoploss.

Yesterday was risk-on and the JPY fell as you might expect. The AUD was on the rise, hence my AUDJPY long.

There are lots of PMIs due today in the Eurozone, US and UK and the private sector oil inventories later this afternoon.

VIP Club members can watch the video HERE