MONDAY DATA (Trade reaction):

1. 0230 AUS Home Loans up to 0.3% BTE
2. 0915 SW PPI MoM down to -0.1%, YoY down to -2.3% WTE
3. 1000 EU Ind Prod BTE = long EUR, WTE short EUR
4. 1000 ??? ITA 10yr Bond  BTE = long EUR, WTE short EUR

NEWS:

• Asia closes mixed. EU futures dignal lower open on GRE fears.
• GRE getting nearer to new elections with Tsipras refusing to join coalition.
• GER Merkel’s party loses a state election.
• Stocks fell on EU debt fears and JPMorgan losses.
• Speculation over whether Fed will add more easing may hurt USD but will be good for stocks.
• IND inflation rises to 7.23% faster than expected.

Initial Thought: with continued fears in the EU over GRE and debt buy USD as safe haven.

Correlation: EURUSD high negative with USDCHF

ID (Emotional Bias/reaction to news): Long USD
Watch out for: Morning data, especially ITA bonds tentatively around 1000.
Plan:  Trade with intraday direction. Placing careful EUR trades before ITA debt auction around 1000 (keeping http://www.bloomberg.com/tv/ on) and lightening up at…

1. 0815 for Swiss PPI
2. 1000 for EU Ind Prod and ITA bonds (keep  http://www.bloomberg.com/tv/ on)

Potential Trades: NA

Personal Notes:
I can’t see any obvious trades yet. I’m just going to the spend the morning watching price and getting a feel for the market and look to follow my trade plan.