Trading Plan – Monday 30th October 2023: BoJ, Fed and BoE set rates this week

Mark NugentOctober 2023, Trading Plan

Trading Plan – Monday 30th October 2023: BoJ, Fed and BoE set rates this week

Good evening.

This week’s highlights are rate setting decisions from the Bank of Japan, the Federal Reserve, and the Bank of England. None are expected to raise rates. The statements and the press conferences will be scrutinised closely to try to determine if peak rates have been reached.

This morning we saw German GDP for Q3 coming in negative. The definition of a recession is two consecutive quarters of negative growth. Well, Germany has had three in the last 18 months or so, but no two have been consecutive. Still not a good look though.

As always, I go through my trading themes for the week in your video.

I’ll be back tomorrow.

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