*Good morning/afternoon everyone!*

The U.S. dollar did not extend its losses in the overnight session but President Trump’s tax reform disappointment should cap gains for the greenback. The big focus this morning is the European Central Bank’s monetary policy meeting. They are widely expected to leave interest rates unchanged but between stronger data and lower inflation, the market is divided on what the ECB will emphasize. Commodity currencies are mixed today with CAD finally staging a strong rally off its high and AUD, NZD under pressure. GBP is very strong but there’s resistance near 1.29.

*The MAIN THEMES I see today are*

GBP Strength

AUD, NZD weakness

CAD Recovery?

*Currencies we plan on day trading and the direction*
*These could change during the day, but for now

We will be trading around these themes –

+GBP

-AUD, -NZD, +CAD

-USD

waiting to see how market feels about EUR

*Trading Biases*
These will change after US data

mildly -EUR

-USD, -AUD, -NZD

+GBP, +CAD

:triangular_flag_on_post: *Starting Trades*

OPENED AT MARKET AUDCAD Sell

ENTRY – 1.01347

STOP – 1.01847

TAKE PROFIT – 1.01047

OPENED AT MARKET NZDJPY Sell

ENTRY – 76.628

STOP – 77.128

TAKE PROFIT – 76.328