Tuesday 19 August: A quiet week ahead?

It's been a subdued start to the week, which I'm putting down to a bit of disappointment regarding ongoing UKRAINE talks and apprehension ahead of JACKSON HOLE. It's a shame MR POWELL'S speech is on Friday and not earlier in the week.

I don't feel confident enough in the negative sentiment to place a 'risk off' trade.

CAD CPI and a plethora of GBP data may create opportunities. Plus we have the RBNZ. But all in all we could find it to be a quiet week.

The lack of 'catalysts' throughout the summer months has been noticeable. I anticipate once September rolls round and traders return from 'summer vacation', volume 'should pick up'. If anyone feels the need for a mental break, this could be the perfect time to take it.

Personally, I'll keep my eye in, reading and listening. And I'll update my thoughts thoughts and any trades I take. But for now, it's a case of waiting for some clarity.

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