Today's message about the Forex Trading Alerts is going to be short as Nadia Simmons is not in the position to write the regular issue in full today. She is taking the opportunity to rest and recharge after a string of recent gains in both Forex Trading Alerts and Oil Trading Alerts, and we are looking forward for her return in early February. As for the currently open positions, this is the summary she has sent in:

In our opinion, the following forex trading positions are justified - summary:

EUR/USD: none
GBP/USD: none (in other words, we're closing the previously open long position)
USD/JPY: none
USD/CAD: none
USD/CHF: none (in other words, we're closing the previously open long position)
AUD/USD: none

While we cashed in decent gains first in USD/JPY, and then also in EUR/USD and USD/CAD, we're entering the new week with by closing both currently open positions. In the wake of the recovering USD Index, GBP/USD is declining today, making it sensible from the risk-reward perspective to exit the trade. The same conclusion applies to USD/CHF as the prospects of its upswing deteriorated with today's price action.

We will keep you, our subscribers, informed about the Service's resumption. Thank you for your patience.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist