Tuesday 12 September 17:45 UK time.

This morning's trade is still in play so my hands are tied in terms of placing a trade. But today's stand out performer has been the CAD, helped by rising oil price and last Friday's Canadian data. The JPY is weak and I think still tradeable short on pullbacks. Tomorrow's CPI data from the US could be crucial in determining the rate hike path for the rest of the year. The consensus is that inflation may rise, in part due to the higher oil price. This may well mean that an anticipation, long dollar trade could be placed before the release. But after a busy day today, I will now switch off for the night and  re-asses the situation in the morning.

If you have any questions, please feel free to email: johnelfedforexblog@gmail.com