Trading Plan – Monday 6th July 2020: Covid worsens but sentiment positive
The week starts with Texas and Florida reporting record Covid cases but the market chooses to focus on a mysterious statement by “White House Officials” who say they will soon make a “market moving” announcement about a Covid therapy. Interesting that the officials choose to call it “market moving”. Well I guess there is an election around the corner.
It’s a very sparse economic calendar this week so we will have to rely on “events” to move prices. That’s not usually a problem – there are always “events”.
Risk sentiment is positive as of 3pm BST. In the video I go through the five trading themes that will occupy my mind this week.
VIP Club members can watch the video HERE