Monday 11 November

The EUR begins the week on the back foot as the possibility of US tarrifs raises concerns for the eurozone growth, combined with political uncertainty in Germany and the EUR bounce from a couple of weeks ago appears to be over. Elsewhere, political uncertainty in Japan weighs on the yen.

One place without political uncertainty is the US, as the prospect of a clean sweep keeps the 'Trump trade' in motion.

All in all, I maintain my 'weekly review' bias for 'interest rate differential' trades. Either with a stop loss behind 'nice 1hr support'. Or In Tuesday's early European session, EUR and GBP report data. A EUR negative and a GBP positive result could potentially provide a EUR GBP short 'catalyst' opportunity.

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