Weekly Review: Friday 22nd February 2019

Mark NugentFeb 2019, Weekly Review

Weekly Review: Friday 22nd February 2019

A very quiet week with all eyes on the US/China trade talks which will wrap up at 630pm UK time when Trump meets China VP Liu He. If you have a long position on equities, particularly US equities beware of a rise and then profit taking just before the close. Keep your stop tight on the prevailing price.

Outside of the mainstream media there has been a lot of positive noise this week about Brexit, claiming a deal is close to being done but with the EU sensibly saying they want to see that PM May can get it through parliament before the formally offer it.

Germany misses a recession by 0.1% on GDP, the smallest margin possible.

On currencies, the USD was down as was the JPY. The GBP had a good week, although the gain was essentially achieved on Tuesday for reasons unclear.

I am in an S&P500 long which is around 2 x risk in the money. So, I will be taking my own advice and keeping my stop tight.

Have a lovely weekend and I’ll see you on Monday.

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