Good morning all.  So big day ahead of us...

WEDNESDAY DATA:

• AUS closed Anzac day
• UK GDP 0930
• US durable goods 1330
• US FED IR 1730
• US fed conference 1915

NEWS:

• Asia closes up near 1 % on earnings on improved US housing and EU debt.
• AAPL stocks jump on China demand
• EU banks still need ECB support while PIIGS struggle w debt.
• Eye on French election, if Francois Hollande’s wins. France is likely to change it’s position on austerity and more debt fears will likely sweep the market. 
• Eye on Fed.

Initial Thought:  With UK GDP in AM, US durable Lunch time and Fed in PM, might be a choppy day.

Correlation: EURUSD good with EJ UC XU

ID (Emotional Bias/reaction to news): Short USD (as of 0800 GMT)
Watch out for: EU Draghi speech 0800, UK GDP (QoQ to show whether UK in recession) 0930, US Durable Goods 1330 GMT, US Fed IR 1915 GMT.
Plan :  Avoid GBP until after 0930, lighten up before US open wait for Durables and Wall street open, get flat ahead on Fed 1600.

Potential trades: 1. EURUSD long breakout trade after Bollinger band squeeze (BBSQ). Buy on close above dotted yellow line for 10-20 pips. 2. USDCHF short  breakdown trade after Bollinger band squeeze (BBSQ).. Sell on close below dotted line.

PLEASE ADD COMMENT, ALL VIEWS WELCOME, WE'RE HERE TO SUPPORT NOT JUDGE! Kind Regards RTC