Trading Plan – Mon 29 July: Brexit drives GBP slump, USD rises

Mark NugentJuly 2019, Trading Plan

Trading Plan – Mon 29 July: Brexit drives GBP slump, USD rises

Last week risk sentiment was positive for most of the week with the resumption of Trade talks in China planned for week 31 and further talks in Washington thereafter. The USD and US equities did well with the S&P500 and Nasdaq closing the week at new all-time highs, aided by Google results and GDP.

Things were not so bright for the EUR with bad misses on Services and Manufacturing PMIs and a dovish ECB on Thursday. European equities were buoyed by the ECB dovishness but the EUR dropped.

The UK got a new PM on Wednesday. UK equities were up on general risk sentiment but the GBP fell on increased chances of a no-deal Brexit.

This week we see a busy economic calendar and some strong currency trends that may give some high probability trading opportunities.

[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.

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

[/MM_Member_Decision]