Daily Alert: Wednesday 21st December 2016

Mark Nugent Daily Alert, Dec 2016

Forex Analysis for Wednesday 21st December 2016
Economic Calendar

Tuesday was quiet in terms of Tier I news. UK PM May stated she wants to negotiate a transitional deal for the Brexit to assist in a smooth exit from the bloc after 2019. (FT)

Market Reaction

The USD takes a short breather as equities around the world move up with the Dow breaching 20,000 for the first time ever. WTI closes at its highest since July 2015. The JPY weakens and may be showing the early signs of consolidation (or pre-Christmas low volume). GBP and CAD go sideways. Generally risk-on. US treasuries continue to drop in price (yield up) whilst UK and German bonds consolidate.

Media

Why you shouldn’t keep chasing the equity rally

Today

NZ GDP.

[mepr-hide if=”loggedin”]

VIP Club members please [mepr-login-link] to access your Daily Alert video.

For VIP Club members, this commentary is augmented with a short daily video where I discuss the trades I am in and the opportunities for tomorrow. If you would like a free one month trial to the VIP Club you can find out more HERE.

[/mepr-hide]

[mepr-show if=”loggedin”]


Here is your Daily Alert video. I start to discuss the trades at 5:15.


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

[/mepr-show]