Soft CPI.

US CPI has come down slightly as hoped. But a 'sell the fact' scenario sent the anticipation AUD USD trade straight to the stop loss. And is a good example of why it's important to immediately delete the second order when placing anticipation trades.

I can't envision the 'risk on' currencies remaining suppressed for long given the data is 'risk positive'.

So it's now a case of waiting until I feel confident the risk currencies are strengthening against the USD again. Then I think a 'risk on' trade will be viable.

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