Friday 20 September.

The general mood remains positive, with the market seemingly content the FED is cutting rates into a fairly strong economy. The VIX remains below 17, the S&P has hit all time highs and the 'soft landing narrative' is back en vouge.

GBP Sentiment remains positive post 'hawkish hold' helped by positive retail sales.

The JPY has softened as yen bulls are disappointed at the lack of commitment to an October rate hike.

Canadian retail sales surprised to the upside. Which actually goes against my preference of 'soft data' continuing the tide of negative CAD sentiment.

All in all, I'm pleased to see the re-emergence of 'risk on soft landing' trades. Ideally following a pullback creating 1hr support. Currently, the JPY is pulling back. But, as it's Friday, there won't be enough time to place a trade if that 1hr support forms.

It's been one of those weeks for me, the ideas have been there, but in the main, I wasn't at the charts at the right time to take advantage of identified opportunities. (Could have longed GBP or shorted JPY in the moment earlier today) ...(also could have shorted the USD pre FOMC if I'd been at the charts at the right time). But it's ok, it happens, sometimes other commitments get in the way. (More on this in "forming your own opinion in the moment").

For now, with just the one trade this week, which stopped out. I'll dust myself off and remain focused on the next trade, which will hopefully be a 'standard risk on' trade early next week....but anything can happen between now and then.

Wishing you a lovely weekend (I'm actually going go-karting this evening).....weekly review to follow.

Feel free to email any thoughts or questions: johnelfedforexblog@gmail.com