Monday 25 March. US open.

The USD is a litter softer today, pulling back from the highs of last week. And not kicked on from the comments from Bostic as I thought it might. Possibly due to 'stimulus' from china. Which has boosted the AUD in particular.

There is a case to say a 'risk on' trade is viable today. But I don't quite have enough conviction given the sentiment from last week. Plus more comments from the BOJ during the Asian session make me wary of trading the JPY.

If anyone has confidence in the 'risk on' mood then an AUD CHF long could be a good trade. But personally, given the higher for longer narrative from the US last week. I'm currently content to sit on the sidelines and see how things develop.

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