Trading Plan – Monday 17th July 2023: China GDP disappoints

Mark NugentJuly 2023, Trading Plan

Trading Plan – Monday 17th July 2023: China GDP disappoints

Good evening.

The week starts with concerns around the global economy as China reports poor Q2 GDP and misses to the downside on June Retail Sales.

The calendar has a lot of inflation and inflation-related data coming out this week. We will see CPI from the UK, Canada, and New Zealand, as well as Retail Sales from the US and the UK. We also have Unemployment Claims from the US. It will be interesting to see if the Fed’s hiking has had any measurable cooling effect on the US economy because so far there is precious little evidence to show that it has.

I’ll be back on Wednesday after the publication of UK CPI.

As always, I go through my trading themes in the video.

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