Good Morning,

Welcome to the new subscribers who joined over the weekend.

Very slow overnight, the bloodbath never happened. A typical Sunday night Asian session. The JPY threatened to break lower, it never did but it has not pulled back too far but it was just at the highs of the day a few moments ago.

Draghi, and the ECB council verbally talking the EUR exchange rate lower.....lets see if the drop so far sticks and if they follow up. The EUR/USD has dropped and not really bounced...time will tell. I am happy as I am short EUR/USD. The rest of the market was pretty quiet overnight.

My EUR/CAD long RADAR TRADE never activated at 1.5160 (the low overnight was 1.5158)...not sure why. Lets hope it pulls back again! I am going to review all the set-ups from the weekends blog and revise where necessary over the next hour or so.

Watch the USD/SEK a confirmed break above 6.5700 takes out a daily chart trend line resistance, in fact, we are almost there now....I am already long......a patient trade to be in.

NIKKEI futures are back of 14,000 hence the JPY action.

I do not want to over-stretch myself this shortened week. There are plenty of news items about to hopefully jolt the markets.

I added to my USD/CAD long this morning to improve the cost average once again and a move just above 1.1000 should gets squeeze going to about 1.1050. I have to decide do I fully cover at that level. My feeling at the moment is just to take some profits off...we have to get there first!!

Take care, try not to chase there are tensions in the Ukraine to consider in the background,

Scott