Daily Alert – Tuesday 8th November 2022: Mid-term elections in US; German sues OPEC!

Mark NugentDaily Alert, Nov 2022

Daily Alert – Tuesday 8th November 2022: Mid-term elections in US; German sues OPEC!

Good morning.

Yesterday was risk on as equities rose around the globe. The JPY was down, as expected, but the commodity currencies were not playing their role of reacting inversely to the JPY.

The mid-terms finish today in the US. The earliest we might know the result will be early morning UK-time tomorrow, but it could take significantly longer. I discuss the implications of the differing possible outcomes in the video.

Elsewhere, Liverpool Football Club is up for sale and some bloke in Germany is suing OPEC for being a cartel. Who knew! Good luck to him.

I didn’t place any trades last night. I am currently looking at GBPUSD short as the USD strengthens and the GBP weakens.

I’ll be back tomorrow.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE