Daily Alert – Wed 20 Nov: Equities pull back; JPY plus commodity currencies give possibilities

Mark NugentDaily Alert, Nov 2019

Daily Alert – Wed 20 Nov: Equities pull back; JPY plus commodity currencies give possibilities

The major issue overnight was the US Senate passing the Hong Kong Human Rights bill which has seriously niggled the Chinese. Risk-off sentiment ensues. This has caused equities to pull back which is the setup I want before going long. It’s a waiting game. I’d like to see a bigger pullback before going long.

In the FX market, I see a strong JPY due to the risk sentiment and all three commodity currencies (AUD, NZD and CAD) weakening as you would expect. So well worth keeping an eye on the three pairs (AUDJPY, NZDJPY and CADJPY) for potential shorts.

[MM_Member_Decision isMember=’false’]

To see the video, members can login HERE.

If you would like a free trial to the VIP Club you can find out more HERE.

[/MM_Member_Decision] [MM_Member_Decision membershipId=’1′]

To see the video, members can login HERE.

If you would like a free trial to the VIP Club you can find out more HERE.

[/MM_Member_Decision] [MM_Member_Decision membershipId=’3|4′]

Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

The Sentiment Tool is HERE.

There is an archive of all VIP Club member’s content on the VIP Club page.

[/MM_Member_Decision]