Daily Alert – Tuesday 4th February 2020: Overnight move to risk-on; some nice setups

Mark Nugent Daily Alert, Feb 2020

Daily Alert – Tuesday 4th February 2020: Overnight move to risk-on; some nice setups

After an indecisive day yesterday, the markets have clearly moved risk-on today. Goldman Sachs are saying that WTI (oil) has limited downside. OPEC are talking about a further 500K barrels per day production cut. WTI moves up from lows.

The JPY is dropping, as you would expect with improved risk sentiment. The commodity currencies are rising. This may provide good setups tonight and one in particular is very promising. I identify it in the video.

Equities indices are also rising. Again, there is one clear index where the setup is very attractive.

VIP Club members can watch the video HERE