Wednesday 23 April.

'Hot' Australian CPI keeps the AUD at the top the 'currencies to long list'. Positive VISA earnings indicate a robust consumer, not just in America but worldwide. And bodes well for a 'soft landing'.

With no stand out data today, I maintain my view of short CHF or JPY, particularly if a stop loss can be placed behind a 'nice 1hr swing'.

Vs AUD or NZD... but really, there is a case to say any of the currencies can be traded long as part of a 'risk on, interest rate differential trade'.

The usual risks of 'negative sentiment' / 'JPY intervention' or 'profit taking' apply.

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