Trading Plan – Monday 12th October 2026: Week 42 Opens with French Market Stress and Fresh Middle East Tensions

Welcome to Week 42.

We start the week with the Houthis in Yemen launching missiles into Saudi Arabia and killing people, and the US considering whether it wants to assist Saudi Arabia in retaliating against the Houthis.

We also have the announcement of an energy ceasefire by US President Donald Trump. However, this seems to be news to the Ukrainians, and the Russians so far haven’t said anything at all.

It’s a bit sparse on the calendar this week. Today, the US, Japan and Canada are on holiday. The first notable item on the economic calendar is US CPI on Wednesday, where the expectation is for CPI to rise over the prior month and still be significantly above the central bank’s 2% mandate.

On Thursday, we see US PPI and Retail Sales, and monthly GDP from the UK.

The markets continue to be significantly concerned by issues in France: public debt, political turmoil, unrealistic plans for fixing the problem, student unrest, etc etc. The CAC 40 is suffering and French bond yields are rising. The dreaded contagion throughout the rest of the Eurozone is being discussed.

As always, I go through my trading themes for the week in the video.

I’ll be back on Wednesday.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE