Good morning, apologies for late post had an early morning appointment...

THURSDAY DATA (Trade reaction):

• ???? CHI Trade Balance BTE up to 18.4B
• 0230 AUS Jobs figures BTE Rate down to 4.9%, Change down to 15.5K BTE
• 0745 FRA Ind Prod down to -0.9% WTE
• 0900 EU ECB report BTE = long EUR, WTE =short EUR
• 0930 UK Ind Prod BTE = long GBP, WTE =short GBP
• 0930 UK Manu Prod BTE = long GBP, WTE =short GBP
• 0930 UK Trade Balance BTE = long GBP, WTE =short GBP
• 1200 UK BoE IR / assets BTE = long GBP, WTE =short GBP
• 1330 US Thursday jobs figures BTE = long USD, WTE =short USD
• 1330 US Trade Balance BTE = long USD, WTE =short USD
• 1430 US Bernanke speech BTE = long USD, WTE =short USD
• 1500 UK GDP estimate BTE = long GBP, WTE =short GBP
• 1800 US 30yr bond BTE = long USD, WTE =short USD
• 1900 US Monthly budget statement BTE = long USD, WTE =short USD

NEWS:

• CHI data disappoints. Keeping market on edge.
• AUS jobs improve again showing continued growth and demand in Australia  making rate cut less likely.
• Asia closes down, EU opens up on shorts profit taking as Greece tries to form new coalition govt.

Initial Thought: With fear still the ruling emotion on the market keep buying USD.

Correlation: EURUSD high positive with EURJPY, High negative w USDCHF.

ID (Emotional Bias/reaction to news): Long USD
Watch out for: Data throughout day.
Plan:  I will look to get long the USD where ever possible but with so much data out today the trend will likely be choppy and it may even be worth counter trend trading occasionally off pivot points and data results.  Ease up around...

• 0930 for UK Prod
• 1200 for UK IR
• 1330 for US jobs
• 1430 for Bernanke speech
• 1500 UK GDP estimate BTE = long GBP, WTE =short GBP

And if your trading late…

• 1800 US 30yr bond BTE = long USD, WTE =short USD
• 1900 US Monthly budget statement BTE = long USD, WTE =short USD

Potential Trades: scalps in-between data. Trade results if feeling sharp.

Personal Notes:
Stay frosty there will likely be sell offs before data results, it’s important I don’t get sucked into them.