Weekly review.

All in all, the Week starting Monday 17 June was a week suggesting a soft landing is on the cards. US data came in slightly soft (until Friday's Service ISM data).

Early in the week, the RBA head rates but continued to sound hawkish, which keeps the AUD on the 'to long list'.

Positive data from NZD combined with a hawkish RBNZ keeps the kiwi on the 'to long list'.

Softening CPI data from the UK, along with a slightly dovish BOE may soon add the GBP to the 'to short list'.

(For now) The EUR has stabilised following the political angst. But volatile moves in either direction remain a possibility according to election news.

The JPY remains weak thanks to interest rate differential, the caveat to short yen trades will be potential 'intervention', especially as USD JPY nears 160 (can it hit 165?).

Thankfully the SNB cut rates, indicating the SNB is relaxed with a weaker CHF.

In Cross market news, It's been the case for a while, but NVIDIA'S stock price has a huge say on the general wellbeing. ( I currently see no reason to be short NVIDIA).

All in all, I maintain my bias of trading hawkish central banks Vs dovish central banks. The spanner in the works is fridays 'hot' service ISM data. Should we trade the USD or a commodity currency long?.... I'll let Monday's price action decide.

On a personal note, it was a week of two trades, an AUD CAD 'interest rate differential' and a AUD CHF 'SNB catalyst'.

Results:

Trade 1: AUD CAD +1.5

Trade 2: AUD CHF -1

Total= +0.5%

Total since start of blog= +24.7% (risking 1% per trade).