This Early Morning Trade Plan session is designed to prepare you for today’s high probability trading opportunities prior to the European Open. Become a Member today and join us live by accessing this session in your Members Area. In this video, we talk about how mixed markets continue after hawkish ECB and increasing US inflation.
It was very much expected that the ECB would hold off from acting, citing war in Ukraine as a valid reason to wait and see. Instead, the ECB surprised the markets with a very hawkish tone, suggesting to taper their Asset Purchasing Programme and increase rates as soon as Q3. This mixed with US CPI coming on at elevated 7.9% year on year seems to have stunned global markets more than anything.
As a result, market conditions are very mixed. We are a little cautious for the time being. We are looking for the DAX to push lower (eventually) along with a strengthening USD. Oil markets are a little bit of an enigma at the minute after an extremely wild trading week. For now, we are looking for further upside but we won’t hold our breath.
Mixed Markets Continue After Hawkish ECB and Increasing US Inflation – Full Video Analysis
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