Trading Plan – Monday 11th January 2021: Risk-off as Biden kicks China

Mark NugentJan 2021, Trading Plan

Trading Plan – Monday 11th January 2021: Risk-off as Biden kicks China

We start the week moderately risk-off as Covid concerns endure and the upcoming Biden administration in the US ramps up the pressure on China across many fronts (Covid, Taiwan, Hong Kong).

Equities gap down slightly and move down. Both the USD and JPY rise, as you would expect based on the sentiment.

This week’s economic calendar is sparse. There are no major risk events.

In the member’s video, I go through the three main trading themes I will be looking at this week.

Have a great week. I’ll be back on Wednesday.

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