Swing divergence setups triggered....watch the catalyst

The trades posted last week http://qitrading.blogspot.co.uk/2012/06/swing-divergence-setups.html have all triggered in. The risk-on Asian session was the catalyst with talks of a Chinese rate cut, more Fed QE and stronger than expected Australian and New Zealand GDP. However, the data from Australia was the biggest catalyst as they are the biggest exporters to China. Therefore, if the Chinese economy is still growing it is seen as positive for global growth and hence risk on for traders. However, tomorrow's Australian jobs report will be widely looked at for continued risk on sentiment rather than just stop loss hunting which may have been the case after two days of low volume trading (as the biggest FX market, London, celebrated two public holiday's for the Queen's Jubilee).