Trading Plan – Monday 7th February 2022: Central banks become more hawkish

Mark NugentFeb 2022, Trading Plan

Trading Plan – Monday 7th February 2022: Central banks become more hawkish

Good morning.

Last week was all about central banks being hawkish or becoming more hawkish. The Bank of England, already hawkish, showed signs of becoming more so with some members voting for a 50 basis points rate hike rather than the 25 basis point hike that was delivered. The ECB dropped their prior commentary about no hikes in 2022 and suggested we focus on their March meeting. The Reserve Bank of Australia dropped their guidance of “no hikes until 2024”.

I placed two trades: S&P500 and WTI, both long. The equity trade was a bit disappointing, making 0.49 percent. The oil trade made 1.49 percent. Brief videos of each are available for members.

This week is remarkably quiet on the calendar. The highlight, if you could call it that, is US inflation on Thursday.

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

We’ll be back tomorrow.

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