Sunday 2 July

Last week it was difficult to have faith in the direction of the currencies. The EUR was the standout performer due to the still hawkish central bank.

Moving forward, will Friday's PCE data set the tone for the USD this coming week? All up-coming data will be scrutinised to determine how many more rate hikes (if any) there will be this year.

I took three trades last week

results:

Trade 1: CAD JPY: -1

Trade 2: EUR AUD: +1.5

Trade 3: EUR USD: +1

Total: +1.5%