Cable looks tempting but I'll hold off for now see where it runs. If I see a break a lot of pips downwards I'll get on board short but I don't like the looks of long right now I still think the USD is strengthening for the most part today. When I see the USD run out of steam I find a good entry point.
My current positions are one long EUR/USD @ 1.2884 a short @ 1.2669. Both are negative but if I see the EURO going up to 1.29/3 I'll hold on to the long but I'll have to sell it off as a loss if a downtrend begins. The short position I am not worried about I don't doubt we will see 1.27 lower this year. I'll set a limit for 200 pips leave it alone for the year. I'll just watch the long EUR/USD I have right now.
Did the
Philadelphia Fed Index for the US strenghten the dollar which caused USD ps to move? Because the outcome was outsting compared to what forecasters thought. (The first figure is outcome second is forecast third is previous result.)
At 1:30 PM EST
Dallas Fed President Fisher speaks I doubt that will move the charts but the USD strength this afternoon most likely has been caused by the news so we might see a reversal in GBP/USD EUR/USD (bad news for euro at 5:00 am EST this morning it dropped some pips then regain some upward movement then leveled out. The USD positive news then dropped EUR to its current position at 1.2835. We should see EUR/USD dropping more but will eventually level out take another try at 1.2900.) The reversal we might not see until tonight because the USD still seems to be strengthening.
SFX thoughts? 
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