Daily Alert – Wed 4 Dec: Equity drop halts, signs of reversal. GBP strong with many trading options.

Mark NugentDaily Alert, Dec 2019

Daily Alert – Wed 4 Dec: Equity drop halts, signs of reversal. GBP strong with many trading options.

The sentiment-inspired drop in equities seems to have stopped and there are signs that a reversal is underway.

The GBP continues to move up. My GBPUSD trades are doing well but the USD weakness that is helping may be over. If that is the case, there are two alternatives to take the place of the weak USD – the EUR and the AUD.

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