I hope that you are having a great trading session,

The Kiwi fall that I was thinking was going to happen did not materialize, and I think that today its a consolidation day. The big mover (of the USD majors) overnight was the USD/CAD which fell over 50 pips. This must be one of the most frustrating pairs in the FX market, what am I saying, right now they are all frustrating!.......but you know what I mean.

The Nordic trades are stationary.

The EUR/USD if it fills the gap at 1.3880, it will squeeze in my opinion.....so a test of 1.3950 could be on.

Today, I have zero intention of adding positions. I am comfortable in most positions in play right now and with FOMC tomorrow plus the ADP U.S. employment data I think its best to sit tight and wait. This is a day to take off ranges are tight awaiting headline news.

Please be careful, these moves of 25-30 S&amp;P points up and down in a day is NOT NORMAL......TRADE WITH CARE.

Scott

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