Weekly review.

Ever since the 'goldilocks' NFP report at the beginning of the month, the market has been in an optimistic mood. And the optimism continued throughout the week starting Monday 13 May.

Tuesday's PPI gave a 'brief scare' as it appeared inflation was still too hot. But a deeper dive into the report showed it wasn't as bad as first thought. Then a Combination of softer retail sales and slowing CPI on Wednesday reassured the market and prompted the DOW to closed the week at an time high, the S&P 500 isn't far behind and the VIX closed below 12 for the first time in a very long time. Bank of America has reiterated the likelihood of a 'soft landing'.

In the currency space, as you would expect, the JPY, CHF and USD were the laggards of the week. As we know, positive sentiment can be fragile, but my current bias is the begin the new week looking for a continuation of 'risk on' trades.

On a personal note, it was a fairly straightforward week, with three trades all hitting profit. There is a case to say I could have eeked out one more 'risk on' trade on Friday. But ultimately, not taking a trade due cautioning against potential weekend profit taking isn't a decision I regret.

Result for the week:

Trade 1: NZD JPY +1.5

Trade 2: AUD USD +1.5

Trade 3: NZD JPY +1.4

Total= +4.4%

Total since start of blog = +25.5% (risking 1% per trade).