Trading Plan – Monday 13th January 2020: US-China trade deal signed this week; two high probability opportunities to trade

Mark NugentJan 2020, Trading Plan

Trading Plan – Monday 13th January 2020: US-China trade deal signed this week; two high probability opportunities to trade

Last Week

Events and Calendar

  • Week starts with US/Iran tensions after assassination of Soleimani prior Friday, token response on Wednesday from Iran, no further military response from Trump
  • Friday – Iranians admit shooting down civilian airliner on Wednesday
  • Phase 1 US/China trade deal to be signed on 15th Jan
  • Carney is dovish – MPC considering additional stimulus
  • Possibility of rate cuts in Oz due to bushfires
  • US ends the week with misses on Average Hourly Earnings and NFP

Risk Sentiment

  • Risk sentiment is positive for most of the week, turning risk-off on Friday

Asset Classes

  • US equities close at all time highs
  • WTI drops from range resistance
  • GOLD reflects risk sentiment during the week but ends unchanged on the week
  • GBP stabilises after election (although BoE voters allude to rate cutting on Friday)
  • USD rises

This Week

I look at the trading opportunities we face this week. There are two high probability opportunities and one that is more speculative.

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