Trading Plan: Tuesday 19th February 2019

Mark NugentFeb 2019, Trading Plan

Trading Plan: Tuesday 19th February 2019

A quiet start to the week with the Americans out for Presidents Day. The US/China trade talks are continuing this week in Washington and the comments from both sides are positive. Trump spreads more oil on the waters of market sentiment by saying he has no immediate intention to impose auto tariffs on the EU and Japan, which is a significant pull back from previous comments. So the “let’s not scare the markets” approach continues.

There are more opportunities this week to calm the markets – the FOMC Meeting Mins are out on Wednesday and a handful of Fed members are talking on Friday about the Fed’s balance sheet and this will give an opportunity for them to re-iterate the idea that QE may not be fully unwound. Remember, these people do NOT speak off the cuff. It’s called forward guidance and it’s all planned. All good stuff if you like calm and gentle trading conditions.

Today, I shall be looking at sentiment and equity price action when the US traders get to their desks around 1pm UK time. There is ample reason to expect an upwards movement in equities.

Have a great week.

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