Monday 8 January.

With no economic releases of note today, and the market digesting Friday's mixed data, the currencies are at the behest of the 'risk environment'. Which is mildy negative due to news that once again China's property sector is under the microscope. This has put pressure on the AUD in particular (thanks to Australia's reliance on conducting trade with china) and currently the only viable trade idea I can see is an AUD or NZD short Vs the USD. But when there are concerns regarding china, it's often short lived. So my current 'decision' is to wait to see how the market settles once the US session gets into full swing.