Tuesday 20 August.

I'm now back on home soil following 24 hours travelling door to door. And after a wonderful time away, I've arrived home to see the risk environment is still tentatively positive, with the USD weak in particular. It appears in anticipation of chair Powell's Jackson Hole speech, where conformation of a September US rate cut is expected.

And with no significant US data, bar Thursday's PPI, until the start of Jackson Hole, it appears it's a decision of whether to place a risk on trade into the event. And if so, whether the USD is the currency to short?

If anyone is in a ''risk on'' trade, I would suggest it was a good decision. Personally, because I'm a little jet lagged and I'm not sure if I've had too much sleep, or not enough sleep. I'm going to take a few more hours to acclimate before making a decision.

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