Trading Plan – Monday 13th December 2021: Four central banks in the spotlight

Mark NugentDec 2021, Trading Plan

Trading Plan – Monday 13th December 2021: Four central banks in the spotlight

Good morning.

Last week was reasonably calm on the markets with a three-day dollop of risk-on sentiment from Monday to Wednesday, before the mood soured slightly on Thursday and Friday. We saw inflation at 6% or higher in the Eurozone and the US and the re-imposition of moderate Covid restrictions in the UK.

I placed two trades. Japan225 long gained 3.25 percent and WTI long gained 1.33 percent. Brief videos of these trades are available for members of the VIP Club.

This week is all about central banks, inflation, and interest rates. We have the Fed on Wednesday. Thursday sees the European Central Bank and the Bank of England in the spotlight. Friday is the turn of the Bank of Japan. These meetings and the associated commentary will set the interest rate picture (and hence relative currency strength) for next year.

Right now, sentiment looks to be moderately positive (risk-on). As always, I go through my trading ideas for the week in the video.

This will be my last week of trading for the year.

We’ll be back tomorrow.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE