Good Day,

Welcome to new members from the weekend,

<span style="text-decoration: underline;"><strong>OVERVIEW:</strong></span>
<ol>
	<li>The U.S. stock market rallies to wards new highs yet the USD/JPY fails to respond and cannot maintain a position above 102.00. It is NOT rallying with risk appetite.</li>
	<li>EUR/USD, toying with 200 day SMA this is around 1.3635. Keep your eyes on this level as we move forward. A close below here will be bearish. There will be a huge amount of Chop Fest around this pair until the June ECB Press Conference and interest rate decision. The ECB have telegraphed that they are proposing to take action against DEFLATION and growth as well as the strong EUR/USD and other cross rates strength. Speculation is high and rumours will swing EUR related pairs up and down  at times for no apparent reasons.</li>
	<li>USD/CAD, very strong. I am looking to pick this pair up on a RADAR TRADE later today if I get my charts sorted with levels!! (I will tweet)</li>
	<li>AUD/NZD, (AUD is very strong and NZD is very weak) I had this pair on my RADAR to enter long around the 61.8% retracement 1.0760 or lower towards 1.0700. We never got these but I know Yang from HK did...well done great trade it is anchored now above 1.0800 and I think potentially 1.1350 is a long , long-term target. I will need a substantial pullback to get me long. But well done Yang.</li>
</ol>
<span style="text-decoration: underline;"><strong>TRADES:</strong></span>

Present positions are: -

GBP/USD  short +20 pips

AUD/USD short -17 pips

EUR/CHF long -3 pips

USD/CHF long +59 pips

GBP/CHF long -22 pips

EUR/USD short +26 pips

EUR/GBP short +1 pip

EUR/AUD long  - 12 pips

EUR/JPY short -39 pips

NZD/USD short -5 pips

GBP/NZD long - 216 pips (re-hedged again)...This is a long, long, long, long-term trade...FUNDAMENTAL of the highest proportions.

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If I add trades or amend, I will tweet.

Good luck today, take care,

Scott