Daily Alert and Live Q&A – Wednesday 11th May 2022: ECB signals imminent rate hikes
US CPI did beat expectation at both the headline and core level, but the markets remained calm.
Perhaps the major event of the day was the ECB signalling imminent rate hikes and the markets reacting by pricing in three 25 basis-point increases this year. That’s quite a turnaround for the central bank.
Last night I placed a pending long order on WTI. It was triggered very early this morning and is doing nicely.
We also had a Live Q&A where I discussed two questions:
You said the Fed was dovish, yet they raised interest rates. How can this be?
Why are big tech companies’ share prices hit disproportionately hard by increasing interest rate predictions?
We’ll be back tomorrow afternoon.
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