Trading Plan – Monday 20th January 2020: Equities soar to new all-time highs; bad week for the GBP
Events and Calendar
US-China Phase 1 trade deal signed
US misses CPI expectation
UK sees all red – GDP, CPI and Retail Sales
Risk was moderately risk-on or indecisive for the entire week
Equity indices rise globally, with the US all making new all-time highs
GOLD and WTI barely move
FX – low volatility with the USD being the biggest mover (up)
The US is on holiday today so things may be quiet. I will be looking for entry signals for US equities. I remain bearish on the GBP, especially after all the misses last week on the economic calendar.
Have a great week.
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