Trading Plan – Monday 28th June 2021: GBP rises as government bullish on re-opening

Mark NugentJune 2021, Trading Plan

Trading Plan – Monday 28th June 2021: GBP rises as government bullish on re-opening

Good afternoon traders.

In the UK we are hearing bullish sentiment from the government on the last stage of the re-opening on 19th July, with our shiny new Health Secretary who is saying this final stage will be irreversible. The GBP rises.

The economic calendar is pretty sparse until Wednesday when we see month and quarter end. The Barclays re-balancing model shows moderate USD selling is expected. Also on Wednesday we have CPI in the Eurozone and GDP in the UK and Canada. OPEC meetings arrive on Thursday, and the normal first Friday of the month gives us key US data: Non-Farm Payroll (a measure of the US economy’s astonishing ability to generate jobs) as well as Average Hourly Earnings (a leading indicator for inflation) and the Unemployment Rate.

There is a video in the members area of last week’s USD reversal trades which netted a gain of 11.0 percent. The stand-out trade was S&P500 long which produced 7.0 percent. Nice.

So traders, check your office for hidden cameras before giving your aide a squeeze and have a great week.

I’ll be back on Wednesday.

Members can access today’s video in the VIP Club HERE