USD index

Pound looks like ranging...

 

even before UK CPI Pound began to rise

 

Ranging before uk data. The rise was a mere correction

 

Long usdjpy 1.1342. Stopped on Aussie, Cad. Still short Euro.

 

Gold still weak

 

I Am waiting for Aussie to drop to 0.748ish where daily key support area is. Imho, it will come this week but if not I will forget about buying it cos I am not a good AU scalper.

 

I cant trade gold atm since I have changed the broker. My new broker's spread for gold is 30 pips lol

 

I use it as an indicator

 

If pound drops heavily after CPI, I might consider buying it cos UK data only has temporary impact. Lets see

 

UK CPI didnot have any impact. Very unusual. Possibly cos of US key data this week - interest rate decision and US CPI