Trading Plan – Tuesday 11th April 2023: NFP boosts Fed hiking bets

Mark NugentApril 2023, Trading Plan

Trading Plan – Tuesday 11th April 2023: NFP boosts Fed hiking bets

Good afternoon.

Last week was quiet and most territories were on holiday on Friday. There was a very good Non-Farm Payroll number in the US on Friday, with the economy creating almost 240,000 jobs. Remarkable really. As a result, the market now expects the Fed to hike by a further 25 basis-points at the May meeting.

I placed one trade, EURUSD long. It went against me, and I got out at the Friday close for a loss of 1%.

Yesterday saw indecisive risk sentiment and most territories were again on holiday. The highlight of the week will be US CPI and the Fed Meeting Minutes, both on Wednesday.

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

I’ll be back tomorrow.

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