Thursday 12 December.

Based on the 0.5 SNB rate cut, with a 'willingness' to enter negative rate territory if necessary. Combined with higher US PPI data perhaps indicating a December FED cut isn't quite as certain as the market thinks.

I currently like the thought of USD CHF long and I'm waiting for a 1hr up swing before feeling confident in a place to put a stop loss.

In other news, any fleeting thoughts of 'long JPY' are on the back burner as the will they / won't they BOJ narrative continues.

Positive AUD data restores faith in potential AUD longs following the mildly dovish RBA.

The ECB remains concerned about eurozone growth and the EUR 'should' remain on the to short list.

And the CAD remains under pressure due to economic concerns and as the oil price rolls over. USD CAD long in particular remains on my radar.

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