First things first, if you’re looking for intraday trading ideas then either ignore what I say or even better still, do the opposite! My 3 cheap-n-cheerful ideas from yesterday were all losers so obviously I’m not reading the short-term market very well.

The markets’ big GBP longs against the AUD and JPY are presently being reduced and although the trends remain in place, we will have to sit tight and see how far the retracement can take us.

Today’s economic calendar will be quiet again  and we will rely on further positional adjustment for volatility.

Good luck today.