Debriefing Tuesday 3rd Jan 2023 Today’s Journal-2nd Day of the trading year-FOMC minutes

Debriefing Tuesday 3rd Jan 2023 Today’s Journal-2nd Day of the trading year-FOMC minutes

January 4, 2023 0 By The Balanced Trader

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Oil is down by roughly 2% on the day. Equities are up, with European stocks leading the way thanks to this week’s weaker inflation data from Germany and France. The overall market attitude is improving today as US futures are also somewhat higher.

Bonds are also continuing to perform well, with 10-year Treasury rates falling to 3.70% from yesterday’s opening level of roughly 3.83%. Germany’s 10-year bund rates are now only 2.31% in Europe, a significant decline from their peak of 2.56% at the conclusion of the previous week. Observe those yields closely!

FOMC minutes tonight so will be expecting light trading into the main event where we will look for clues to support the Fed’s more hawkish stance for interest rates, which was indicated by higher moves in the dot plots.

Especially now that inflation pressures are beginning to ease, not just in the US but also in Europe. 


USD ISM Manufacturing Employment (Dec) 48.3 48.4
USD ISM Manufacturing PMI (Dec) 48.5 49.0
USD JOLTs Job Openings (Nov) 10.000M 10.334M
USD FOMC Meeting Minutes
USD API Weekly Crude Oil Stock -1.300M

Wednesdays’ Data

Real Time Economic Calendar provided by Investing.com UK.
Tuesday’s Profile review AND today’s plan

ON Update- not much has changed

Tuesday’s PA review

Update and Wed’s Plan

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Quote Of the Day

“A man cannot be convinced against his own convictions, but he can be talked into a state of uncertainty and indecision, which is even worse, for that means that he cannot trade with confidence and comfort.”
― Jesse Livermore,

Trade Well And Prosper.

BT