Hi everyone,

<span style="text-decoration: underline;"><strong>OVERVIEW:</strong></span>

A welcome bit of volatility yesterday and moves in the AUD and NZD following  the AUD Private Capital Expenditure data release.

If you are not already short the AUD/USD or NZD/USD , up at 0.9300 and 0.8500 are great areas in my opinion. I added to both positions earlier. I also entered (very late ) the AUD/NZD long this morning on a small pullback. I think for the next couple of weeks we are going to see the AUD outperform the NZD. Therefore, do not let AUD short trades get away from you...tight stops.

There is Preliminary U.S. GDP coming up very shortly. Keep your eyes on the USD/JPY.

The market is pretty slow this morning so far and I am not expecting huge volatility. I have a lot of RED positions with my brokers at the moment, all trades are well within my TRADING PLAN risk management and risk tolerance positions, but I am not going to let them get too far away. The GBP/CHF is the one that worries me the most.

&nbsp;

<span style="text-decoration: underline;"><strong>TRADES:</strong></span>

I have four limit orders in place USDJPY (short), GBPUSD (short), GBPAUD (long) and USDCAD (long).

I do not anticipate adding to my number of live trades (11) so far. My position sizes are pretty small. If I do decide to add trade positions I will advise via twitter.

&nbsp;

Have fun and take care trading today...remember the ECB meeting plus big, big news items  next week.

&nbsp;

Scott

&nbsp;