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Using  vanilla option levels Looking to trade option expiry levels?  to learn more. Checkout ForexSource.co For bank trade ideas, check out eFX Plus

Europe down at the open European equity markets open lower as the market decides which direction to move in post US jobs report on Friday and Fed's meeting on Wednesday.  

USDJPY The USDJPY gained on Friday as Treasury yields broke higher. If that positive sentiment remains look for the USDJPY upside trend line to break. One way of joining this would be 109.58 with a SL at 109.48. You could try that a few times to try and join a move higher. 

Daily thread to exchange ideas and share your thoughts The US dollar is keeping to Friday's ranges this morning as the market looks ahead to the Fed's meeting on Wednesday. The risk trade is taking a pause, . ? 

Latest data released by Destatis    April was expected to be bad and markets were expecting for another bad reading this month. These figures show a deeper than expected contraction and EURUSD ticks down a few points on the release. Not a massive surprise to see poor data here, but German industrial production woes have […]

Multiple waves In case you are wondering what all the fuss is about second waves of the flu virus here is a chart that shows the second wave of infections from 1918. 

There may be trouble ahead It is worth reminding ourselves that there are a number of risks around that have the potential to flare up. The market is rightly focused on the re-opening of economies post the first wave of COVID-19, but don't forget other risks remain:

Wait and see mode Some investors may be waggling on the tee right now ahead of the Fed's meeting ending Wednesday this week. How will the Fed react to the rising 10 year Treasury yields as Friday's NFP jobs data injects enthusiasm into the pace of the recovery. Adam compared the current market enthusiasm to […]

Quiet day Well, it's a quiet day on the economic data front for the European morning session. I shall be covering this session for today and tomorrow, so a very good morning to one and all from a quiet UK. Quiet, that is,  . 

Forex news for Asia-Pacific trading on June 8, 2020: Markets: – GBP leads, CAD lags – Nikkei +1.25% – Gold up $3 to $1688 – WTI crude up 38-cents to $39.94 The early tone was positive for risk assets in a follow-through from Friday but it faded as Tokyo came online. The commodity currencies climbed […]