Monday 6 January. Back to it.

Now almost fully recovered from my Christmas illness, it's time to get back into the swing of things. The years first week proper began with positive china news and soft data from Japan, followed by a reluctance from the BOJ to commit to rate hikes. Adding to the positivity was a report 'Trumps tarrifs' won't be as outlined in the election campaign. The USD softened on the news. But in a prelude to the 'Trump administration' these reports have been denied and the USD weakness has halted.

Where does that leave us? Currently, I still think the USD is longable, based on the strong US economy and higher for longer narrative. Preferably Vs JPY or CHF.

But also, if china positivity continues and other currencies remain strong Vs the USD, 'risk on' trades could also be viable, something like AUD or GBP Vs JPY or CHF.

If the environment which closed out 2024 remains, I'm currently happy with 1 or 2 'standard' trades per week. But also with an eye on potentially trading 'fast moves' as 'in the moment news trades'. Of which there may be 1 or 2 opportunities per week.

The trade I'm currently 'eyeing up' is USD CHF long.

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