Tuesday 25 June.

Higher than expected CPI from Canada dashes my hopes of a CAD short trade as the chance of back to back BOC rate cuts dwindles. Although I'm not ready to long the CAD based on the news, it would take a few more pieces of positive data.

I've read that the GBP is being helped by a deal between britvic and Carling, but that's a stretch to base a GBP long on.

The VIX is still comfortably below 14, NVIDIA and BITCOIN have both recovered, the S&P and bonds are flat. But the AUD and NZD are both under pressure and I'm not sure why. As the mid point of the year approaches, it could simply be 'quarter end positioning'.

What it does mean is I'm still not confident enough to place a trade and once again, I'm happy to sit on the sidelines and wait for something to fall into my lap.

Feel free to email any questions or thoughts, you might see something I've missed:

johnelfedforexblog@gmail.com