Trading Plan – Monday 17th April 2023: No highlight on the economic calendar. Good!
Last week’s attention was centred on US CPI and the FOMC Meeting Minutes. As it turned out, it was all a bit of a damp squib. The Fed said a “mild recession” was now more likely than not, but they’d hike at the next meeting anyway.
I placed two trades. WTI long produced a small loss. EURUSD long produced a larger gain. These two trades, combined with a loss-making EURUSD earlier in the month, mean I am just, just positive for the month so far.
This week has no real highlight and, surprisingly, no Tier I announcements from the US. This could be good, as it allows the fundamentals to play out, without the distraction of “events”.
As always, in the video I go through my trading themes for the week.
I’ll be back tomorrow.
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