Morning Update

hello!!

so how's today looking?

well USDJPY seems to be in a range, and i do hear some bid orders are there around the 86.00 levels.
Euro is still bullish and broke the recent high levels all the way up close to 1.3200.
Cable broke above 1.5800 levels and is now testing 1.5900 levels.
Aussie has come off a little, but i would wait until after the rate decision to really play on the Aussie.

Economic data out today:
first off we have the RBA rate decision which is at 4.30am GMT.
during the afternoon we have the construction PMI out of the UK at 8.30am GMT
followed by the PPI out of Europe at 9am GMT.

In the evening we have the US data coming out.
core PCE report and personal spending and income data at 12.30pm GMT,
and the pending home sales data at 2pm GMT.

lastly the UK nationwide consumer confidence will be released at 11pm GMT.

My strategy?
I'm going to stay off the Aussie until after the rate decision, and play the trend once i see it building.
I'm again going to look at going long on the Euro and cable when i see a little bit of momentum. As of now its playing quietly during this morning asian session.
YEN!  tempted to go long, but i think i'll stick following the trend and going short on any rallies.

So i guess lets see how the rest of the Asian session plays out!