Trading Plan – Monday 16th October 2023: Markets calm, but watching Middle East closely
The markets are calm as frantic diplomatic efforts continue, trying to stop the Israel-Gaza conflict getting out of control.
Highlights for the week include UK CPI on Wednesday. Both year-on-year headline and core CPI (September) are expected to fall from the August numbers, but not by much, showing how sticky this inflation is, particularly in the UK. Any miss to the upside will strengthen the GBP.
Also of interest is tomorrow’s US Retail Sales acting as it does as an early warning indicator of inflation and a measure of the impact the Fed’s eleven rate hikes are having on the thing-of-wonder that is the US economy.
As always, I go through my trading themes for the week in the video.
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