Trading Plan – Monday 28th March 2022: A quiet calendar as month-end looms

Mark NugentMarch 2022, Trading Plan

Trading Plan – Monday 28th March 2022: A quiet calendar as month-end looms

Good morning.

Last week was quiet on the economic calendar, except for Fed chair Powell talking about a 50 basis-point rate hike at the next meeting, hammering home the hawkish message delivered at the last Fed meeting.

The news flow was dominated by the Russian invasion of Ukraine. The week started with the EU seriously considering banning Russian energy, and ended the week with an agreement between the US and the EU to swap out Russian gas for US gas. In between we had US President Biden turning up in Brussels for a NATO meeting, a G7 meeting and a European Council Meeting. All seemed to be going well until the weekend when the 79-year-old duffer made a number of gaffes which almost certainly cemented support for Putin amongst those predisposed to do so.

I traded Japan225 and WTI, both long, both to no avail. I exited both trades at or near breakeven. Brief videos are available for members in the usual place.

This week’s economic calendar is sparse, and we have month-end.

As always, I go through my trading themes for the week in today’s video.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE