Trading Plan – Monday 7th September 2020: GBP drops as PM Johnson sets deadline

Mark NugentSept 2020, Trading Plan

Trading Plan – Monday 7th September 2020: GBP drops as PM Johnson sets deadline

The biggest mover so far today is GBP (down) as PM Johnson sets 16th October deadline for EU trade talks and initiates legislation overriding the commitments made in the Withdrawal Agreement.

The US stock market fall seems to have ground to a halt, although we need to be careful as participants are absent due to Labour Day.

Risk sentiment is indecisive (1300 BST).

There is little movement in global equity indices. WTI (oil) is holding last week’s drop. GOLD is poised at support.

As always, in the member’s video I focus on trading themes for this week.

I’ll be back on Wednesday

Have a great week.

VIP Club members can watch the video HERE