Good Day,

Welcome to all new subscribers over the past few days.

A pretty quiet overnight session from my location. The AUD GDP numbers as I tweeted were better than expected. The only point that I want to make about GDP figures are that they are "rear view window" numbers and a little historic. Nevertheless, they should be noted.

Oil, Copper and Gold pretty flat.

Except the Aussie most currencies remain in a tight range and although we have some big U.S. and Canadian dat to day, I am not so sure how much volatility we will see. Personally, I am in lock down mode ahead of the ECB (tomorrow) and NFP (Friday). I want to be short the NZD across the board but patience is a virtue, I want to see the data first.

Looking at my open trades this morning, just the GBP/CHF causes my major concerns at the moment, I may have to take my pain with this pair later today or at daybreak tomorrow. I will hold out as long as I can, it is only a small position but it is bugging me.

This weekend's blog will have a plethora of trade set-ups.....  Yesterday afternoon I started my either/or list depending upon the data.

Sorry, not much of interest today, it is NOT my style to trade ahead of such huge market moving data. I will retain a few very small non EUR related trades but literally that is about it.

If you must trade today and feel that you have to press your keyboard. I am going to wait because I am cautious, but, NZD/USD short, EUR/NZD, GBP/NZD and AUD/NZD long are the stand out trades today that catch my eye. As you know from twitter last night I have limit orders in NZD/USD and AUD/NZD.  I am still long GBP/NZD and holding and the EUR/NZD I am hoping to enter long after tomorrow. Trade at your own risk.

Take care today,

Scott