Today’s Key Market Drivers: 26th November 2018

“Trading Mastery Launches tonight at 8.00pm AEDT.””

Please join me tonight at 8.00pm AEDT (Sydney time) for the Official Live Launch of Trading Mastery 2019. Trading Mastery is a 3 Day Accelerated Learning Event for investors and traders who are committed to taking their earning potential to the highest level possible. It is an unprecedented program that teaches you how to implement proven fundamental, technical, risk management, mindset and wellbeing strategies that will allow you to win big. It is also designed for traders who lack consistency and are dissatisfied with the speed at which their returns are growing. 100 Early Bird Tickets will go on sale tonight at 8.00pm.

Laid bare for you inside the Trading Mastery Workbook and through your mentors and trainers is the step by step systems, processes, strategies, rituals and habits to live a wealthy, healthy and happy life. You will learn to implement the most effective trading methods that will suit your lifestyle and income desires. You will learn how to use the right tools so you can consistently follow a simple and highly profitable trading plan. I can’t wait to launch this unprecedented program tonight.

Please click on this link at 7.50pm AEDT to ensure you are logged into the conference room for our 8.00pm start.

The 27 nation European Union has backed Theresa May’s Brexit deal on Sunday which now paves the way for the UK to officially leave the European Union in March 2019. The British PM still needs to get the support of her government which could prove difficult with opposition parties and her own Tory Party detractors saying they will vote against the proposal. It is unclear how markets will react to the news with most of the proposal already being priced into the Pound in recent days. If you see some gaps on the Pound and Euro this morning you will know the culprit.

Currency markets were mostly mixed on Friday as US stock markets once again drifted lower to make new November lows during the 4-day Thanksgiving holiday weekend. With little in the way of high impacting US economic data until later in the week my expectation is stock markets will continue to remain weak and be the key driver of the safe haven currencies which I expect to strengthen over the coming two weeks. The Euro fell on Friday following a weaker than expected Manufacturing report but technically is showing signs of a reversal pattern across a number of Euro crosses.

Just like last week there are no official Central Bank monthly statements due this week but there are plenty of Central Bank chiefs speaking which will keep traders busy. Mario Draghi’s address in Brussels is a standout for me as the ECB is due to cease its multiyear long stimulus program that has seen it artificially print billions of Euro to support European nations that are cash strapped and would otherwise have to pay higher interest to bond holders. If the ECB deviates from their current plans this would be seen as weakness so I am looking for the ECB President to remain hawkish about the outlook for the Euro Area economy in 2019. This may be wishful thinking with Goldman Sachs and JP Morgan both warning about slowing US and global growth next year. Draghi’s address will be at midnight tonight. RBA Governor Lowe is speaking in Sydney at 9.15am AEDT this morning so if the AUD gets volatile in the Asian morning trading session you will know why.

Click on the below image to play today’s Sunrise video.

 

About the Author: Andrew Barnett

Andrew is a professional trader and successful investor who has a strong focus on education. He is a regular Sky News Money Channel Guest and one of Australia’s most awarded and respected financial experts and is regularly contacted by the Australian Media for the latest on what is happening with the Australian Dollar. Director at LTG GoldRock, Andrew Barnett, guides thousands of traders around the world in the live market on a daily basis, advising them on buy and sell directions, as well as trading his own personal account. Andrew, a regular keynote speaker at trading and wealth-creation events throughout the Asia Pacific region, is an authorized representative registered with the Australian Securities and Investment Commission (ASIC).

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