Trading Plan – Monday 4th July 2022: A new quarter begins…

Mark NugentJuly 2022, Trading Plan

Trading Plan – 4th July 2022: Trading Plan – Monday 4th July 2022: A new quarter begins…

Good morning.

Last week was dominated by the ECB Forum where the gathered central bankers agreed that inflation may be here for quite some time. ECB President Lagarde summed it up: “I don’t think we are going to go back to that environment of low inflation”.

Risk sentiment was mostly indecisive.

I took one trade, WTI long, on Monday. An intraday spike down on the Tuesday took me out at breakeven.

This week has a relatively quiet economic calendar, and the US is on holiday today. Wednesday’s ISM Services PMI and the FOMC Meeting Minutes are probably the highlights.

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

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