Daily Alert – Tuesday 29th March 2022: Traders encouraged by Russia-Ukraine talks

Mark NugentDaily Alert, March 2022

Daily Alert – Tuesday 29th March 2022: Traders encouraged by Russia-Ukraine talks

Good morning.

Yesterday saw traders enthused by the prospect of more cease-fire talks between Russia and Ukraine. Sentiment was moderately risk-on, and we saw oil and GOLD take significant moves down. The calendar had no Tier I announcements.

I had a good look at equities last night and decided not to trade. The moves up were mostly modest and one of my favourites, Japan225, was constrained by resistance. As it is month and quarter end on Thursday and ending the period on a losing trade is never good, I did nothing. I also looked at currencies. JPY was down as you would expect from the sentiment, but the commodity currencies were not playing the game so again, I did nothing.

That’s the way it goes. Making a rational decision not to trade is part of trading.

Today’s calendar is also light, with no Tier I announcements. Risk sentiment is indecisive (0830 BST). I’ll have another look later.

We’ll be back tomorrow.

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