The week ahead.

The 'risk on soft landing' trade is the theme of the moment and I expect that to continue until something changes. On the data docket we have GDP from the US and the main event of the week will be the closely watched PCE data.

The fundementals of the non dollar currencies are currently playing second fiddle to the 'risk environment' but there is the small matter of an interest rate meeting from NZD, some CPI data from Germany and PMI data from china, which could all create some volatility.

As soon as I make any decisions, you will know about it. In the meantime, feel free to email: johnelfedforexblog@gmail.com

If you have any questions.