Trading Plan – Monday 16th January 2023: US closed, markets indecisive
Last week saw US CPI coming in at expectation, which was itself lower than the prior number. With the markets in confirmation bias mode for any good news on inflation, and the expected concomitant Fed dovishness, this was enough to boost equities and put pressure on the USD and the US 10-year yield.
Also, we saw the mood changing with respect to the EUR and the prospects for the Eurozone in general as China abandons its disastrous zero-covid policy and re-opens for business.
This week gets off to a slow start as the US celebrates Martin Luther King Day.
There seems little point in publishing tomorrow’s video early in the morning, so please expect your videos for the rest of this week to arrive between 5pm and 7pm UK-time.
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