Good Day,

<span style="text-decoration: underline;"><strong>OVERVIEW:</strong></span>

We had a bit of volatility in the latest Asian and European sessions, in particular with the AUD/USD and NZD/USD. Primarily, I think, to do with the review of the threat of a change in the AUD debt rating. For whatever reason we finally broke lower in AUD/USD through 0.9300 and through 0.8600 in the Kiwi.
If anyone missed these moves both of the break thru levels which were previous excellent support levels will provide a great shorting opportunity if either or both of these pairs pullback.

<span style="text-decoration: underline;"><strong>REVIEW OF LIMIT ORDERS:</strong></span>

I have cancelled the following: - AUD/NZD, NZD/USD and AUD/USD.

As regular followers know, I hate and try my best not to chase pairs lower. I am faced with a dilemma soon. During my night, I said that I would review all my outstanding limit orders so here we go: -

<strong>USD/JPY</strong> only managed a pullback to 101.60, off the 101.10 bounce level yesterday. I have moved my limit order entry for this pair from 101.10 to 101.60.

<strong>EUR/USD</strong> is now moved to yesterdays resistance from 1.3775 to 1.3735.

<strong>GBP/USD</strong> looked like it was going to shoot higher after the CPi data release earlier today. It stopped at 1.6865. I hate trading this pair when I am not in front of my desk. Below my existing limit order entry at 1.6980, the next level for me is 1.6920. I have moved my entry to this point and I will check again tonight.

<strong>USD/CHF</strong> at 0.9000 unchanged.

<strong>CHF/JPY</strong>  moved lower to 113.90

<strong>EUR/JPY</strong> moved lower to 139.30

As I mentioned on twitter, I have to go into Montreal once again today on business, so I will be away from my desk for most of the North American session.

One very interesting development overnight (for me), my broker relationships article looks like it is going to have a new twist. Therefore my section which has a working title of:-

<strong>TRADING WITH MULTIPLE BROKERS: (</strong><strong>HOW DO I DO IT? / WHY DO I DO IT?/ WHO DO YOU CHOSE AS A PARTNER?</strong>

This piece has been difficult at times because I have tested <span style="text-decoration: underline;">BAD</span> brokers with live money (small $$$) to see how bad they are so I can recommend only the best options that I have found. I am naming and shaming. This could be delayed a little longer as I am trying and agreeing to some great offers for potential clients.

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Good luck today, it all looks a bit boring at the moment.

Scott