Trading Plan – Mon 7 Oct: Good stuff – trending forex, WTI at major support and recovering equities

Mark NugentOct 2019, Trading Plan

Trading Plan – Mon 7 Oct: Good stuff – trending forex, WTI at major support and recovering equities

Last Week

Week 40 was dominated by PMI misses in the US, UK, Sweden and elsewhere. The Manufacturing PMI miss in the US on Tuesday was the worst since 2009 and send global equities tumbling. This continued into Wednesday.

In the UK, the government produced a Brexit Plan which was, eventually, rejected by the EU on Friday.

This Week

Week 41 has a relatively sparse economic calendar which may be a blessing. I do see five trending currencies, equities that have shaken off the PMI-induced drop of last week and very interesting technical positions on GOLD and WTI. We’re set up for a good week.

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