Trading Plan – Monday 6th February 2023: ECB now most hawkish central bank
Last week was all about central banks. We had rate-setting meetings from the Fed, European Central Bank, and the Bank of England. All three moved in the dovish direction. However, it’s a relative game and the stand-out “hawk” is now the ECB.
This week sees a sparse economic calendar. However, there are always “events”. The Americans burst a Chinese balloon. The Bank of England’s Chief Economist said some dovish things over the weekend. Rumours around the Japanese government’s plans to replace the governor of the Bank of Japan are driving the Yen down. Goldman Sachs predicts oil at USD100/bbl by year-end. That requires a 35% increase. Hmmmm, I smell profit.
As always, I go through my trading ideas for the week in your video.
I’ll be back tomorrow.
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