Good Day,

I got out of bed at 3.45am this morning for GBP CPi, Eurozone and German Economic Indicators and Carney talk.

I closed all three cable related trades and banked nice profits on the back of CPi data. So, I am happy that I was awake. The ZEW data missed and the EUR/USD struggled to move lower, so much so I decided to cover for a massive 10 pip gain after being in my short trade for 10 days. I have decided to try a short agin from 1.3650 if we get to that level when Yellen testifies later. The EUR/USD just will not drop lower and break below 1.3575. On the last few breaks below 1.3600 we have not even seen a test close to 1.3575, so my short trade at 1.3599 was poor.

In addition, I have exited the AUD and NZD trades to remove risk. The RT130 USD/CHF limit order trade that has yet to trigger I have cancelled as well.

Nothing else on my mind at the moment. I am waiting to hear what Yellen says.

Do not forget later today we have NZD (CPi) and China (GDP) news to work with.

Take care...do not get suckered today. I just cannot see Yellen doing a "CARNEY" but you never know.

Scott