Daily Alert – Tuesday 21st March 2023: Markets positive after banking shenanigans
The markets were a wee bit wobbly yesterday morning in the (I hope) aftermath of the small banking crisis. Sentiment improved over the course of the day, and we ended up moderately risk-on.
I took a WTI long trade which so far is moving in the right direction.
The EUR is reversing the losses suffered last week due to Credit Suisse. This will help my watch-list favourite EURGBP to do the right thing when the GBP is weak, as it is right now. I am watching that closely and am prepared to go long on EURGBP if the price clears certain levels which I discuss in the video.
Looking ahead we have Canadian CPI and that’s about it.
I will be back tomorrow.
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