Monday 14 October.

It is a nice sight to see the VIX dropping below 20 and the CHF and JPY weak today. Although the fact it's a partial holiday in the US means too much credence can't be put on the moves. Especially as there are fresh reports of unrest in the middle east.

As it stands, the chart I've been looking at for a while (USD CHF) is making a run to the upside. And any small pullbacks creating 1hr support are on my radar for a potential trade.

Also EUR USD appears to be breaking support, which means EUR USD short could be an option. As talk of multiple cuts from the ECB grows.

If the VIX continues to drop and the AUD regains composure Vs USD, the the AUD could be back in play also.

The caveat to everything I've just said is if middle east concerns and china disappointment grow (it should also be noted china / Taiwan has been in the news) we could be back to the drawing board.

Finally, it's one of those weeks when the GBP has a slue of data in the early European session. And any 'positive data' could create GBP long catalyst opportunity, specifically Vs EUR or CHF.

Please feel free to email any questions: johnelfedforexblog@gmail.com