Trading Plan: Monday 29th April 2019

Mark NugentApril 2019, Trading Plan

Trading Plan: Monday 29th April 2019

Last week, week 17, was a short week. Risk sentiment was modestly positive from Tuesday onwards. The biggest issue on the economic calendar was the bad CPI miss in Australia, prompting banks to call for a rate cut which had the obvious impact on the AUD (which fell) and the AUS200 (which rose). The S&P500 and Nasdaq closed at all-time highs but equity indices were more mixed elsewhere.

In terms of FX, the USD and JPY rose. I combined these with the falling AUD and EUR to place four trades, yielding +2.13%.

This week, week 18, should be interesting. In the US we have inflation, the Fed Funds Rate, Hourly Earnings and the famous NFP. In the UK, MPs are running out of time to avoid having to take part in the Euro-elections. There are also various PMIs from China which can often affect sentiment.

I describe what my focus will be for the week, including two interesting tips from Goldman Sachs on EURUSD and USDTRY.

Have a great week.

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