Trading Plan – Monday 21st November 2022: Are we seeing real dovish momentum?

Mark NugentNov 2022, Trading Plan

Trading Plan – Monday 21st November 2022: Are we seeing real dovish momentum?

Good morning.

Last week was solidly indecisive in terms of risk sentiment. I placed no trades.

There was dovishness from the Fed, European Central Bank, and the Bank of England, in various guises and to differing extents. It all has a bearing on the likely direction of equities and respective currencies. I go into detail in the video.

This week sees US Thanksgiving on Thursday, and with spill over into Friday, it may be another quiet week. The highlight is the Fed’s FOMC Meeting Minutes on Wednesday. With the CPI miss on 10th November and dovish comments from Fed Vice-Chair Brainard on the 14th and, over the weekend, from Federal Reserve Bank of Atlanta President Raphael Bostic, it could well be the beginning of the end of central bank hawkishness. This will have a huge effect on asset pricing around the globe.

As always, the detail is in your video.

I’ll be back tomorrow.

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