Trading Plan – Monday 20th January 2020: Equities soar to new all-time highs; bad week for the GBP

Mark NugentJan 2020, Trading Plan

Trading Plan – Monday 20th January 2020: Equities soar to new all-time highs; bad week for the GBP

Last Week

Events and Calendar
US-China Phase 1 trade deal signed
US misses CPI expectation
UK sees all red – GDP, CPI and Retail Sales

Risk Sentiment
Risk was moderately risk-on or indecisive for the entire week

Asset Classes
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)

This Week

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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