Once again the crosses provide plenty of volatility

The danger of making big calls is that you look like a fool for a while, but I’m well used to that by now. GBP got smacked after a dovish MPC and pairs like GBP/NZD and GBP/AUD had the classic ‘scissors’ cross move.

New York was closed last night for a holiday and tonights NFP is the big event on the economic calendar.

I still like buying dips in NZD/USD as the logical trade during the Asian session and volatility will probably come from USD/JPY, but which way?

Good luck and TGIF.