Thursday 15 May

The beginning of the week positivity has stalled a little, Wednesday's malaise has carried over into the the European session. I'm currently putting the moves down to 'profit taking' as the market waits to hear chair Powell's views after last week's soft CPI data.

I'm awaiting a fresh bout of positivity before considering a new trade. Or failing that, a bone' fide reason to place a 'risk off' trade.

AUD and GBP long remain high on my list of potential long trades given the AUD jobs Data and UK GDP data.

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