Good Morning,

I hope everyone had a great weekend.

Welcome to the new subscriber (DK) from the weekend!!

RISK APPETITE is on this morning. U.S. futures are up. Asia was quiet last night and then the European M&amp;A activity  exploded USD weakness....

SEK is lower this morning on the back of stronger retail sales. Remember that there is still deflationary talk about Sweden, so I am expecting this dip in the USD/SEK to be bought. If you are not already longer around 6.5100 may be a good opportunity area to get long.

I am planning ahead at the moment, looking towards the U.S. jobs dat at the end of the week but FOMC on Wednesday so I am refining my RISK EXPOSURE. I have reduced my EUR exposure by taking off the table the EUR/NZD long (like I mentioned in the weekends blog) and reduced my huge position size in the NZD/USD short by 80%. I can always add back if I want to but its nice to always bank a load of $$$$ on a Monday morning. I fat fingered a close on my NZD/JPY short, but in the grand scheme of things I am annoyed with myself, but I will get over it.

EUR/USD has filled the gap from 8 days ago. I think that we may go to 1.3950 before heading lower at that level I will add to my existing short position. At the same time I will add to my USD/CHF long. If the EUR/USD breaks 1.3900, we may get a squeeze. I am prepared for it, I half expected these two trades (EUR/USD &amp; USD/CHF) to go the wrong way so I have to live it.

My goal today is to hopefully see my AUD/USD trade in profit and I will reduce my position size, the same with the USD/CAD long, I am looking to take 50% off the table when / if it moves higher.

I will tweet any new ideas, moves , amendments etc as the day progresses...Good Luck,

Scott

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