Long AUD/NZD (from 19-Dec to 31-Jan)
Stopped out on 31-Jan after weaker than expected Australian CPI data
Sold half unit EUR/USD at 1.2405 and s/l orders moved closer to market in short USTreasury bonds and long AUD/NZD. ( Real Time AmpGFX – Sold EUR/USD Tue 1/30/2018 1:46 PM MT)
Real-Time AmpGFX – bought AUD/NZD (Tue 19/12/2017 12:10 PM MT)
Bought half unit AUD/NZD at 1.0959
Comment
Rate spreads (move higher in Aus rates relative to NZ rates), and relative commodity price developments (higher iron ore and coal vs. lower dairy prices recently). Suggest upside risk for the cross.
Positions
Long a half unit of an XBT derivative at $10,600 (Bitcoin tracker ETN) – no orders
Short half unit EUR/USD at 1.1775; s/l 1.1893; t/p 1.1528
Short half unit NZD/USD at 0.6982; s/l 0.7043; t/p 0.6828
Long half unit AUD/NZD at 1.0959; s/ 1.0843; t/p 1.1123