Long USD/JPY (18 to 21 Sep)
Real Time AmpGFX – Sold GBP/JPY to square long position (Thu 9/21/2017 10:33 PM MDT) USD/JPY succumbed to NK threats, USD/JPY stop was triggered, and this trade is closed in a small profit. I sold one unit of GBP/JPY at 151.81 to close the long position I expect some physical response from NK. And there […]
Long GBP/JPY trade (14 to 21 Sep)
Real Time AmpGFX – Sold GBP/JPY to square long position (Thu 9/21/2017 10:33 PM MDT) USD/JPY succumbed to NK threats, USD/JPY stop was triggered, and this trade is closed in a small profit. I sold one unit of GBP/JPY at 151.81 to close the long position I expect some physical response from NK. And there […]
Long AUD/NZD trade 11-15 September
This trade was closed on stop on Friday 15 Sep Real Time AmpGFX – bought AUD/NZD (Mon 9/11/2017 1:25 PM MDT) Bought 1 unit AUD/NZD at 1.1079 Position Long one unit AUD/NZD at 1.1079; s/l 1.0973; t/p 1.1272 Comment Weak New Zealand retail sales. We are still heading for a hung parliament in NZ, NZ […]
Bought USD vs. EUR and JPY (13-14 Sep)
These trades were closed on the revised stop losses (in some profit for USD/JPY and a small loss for EUR/USD) Real Time AmpGFX – tightening stops on EUR and JPY (Thu 9/14/2017 6:05 PM) Positions Long one unit AUD/NZD at 1.1079; s/l 1.0973; t/p 1.1272 Long one unit USD/JPY at 110.07; s/l 110.23; t/p 111.95 […]
Long NZD/USD trade 7-8 September
Real Time AmpGFX – Sold NZD/USD to close long (Fri 9/8/2017 6:38 AM MDT) Sold one unit NZD/USD at 0.7296 I don’t want to hold through the weekend when open could be very messy and USD is potentially volatile. Real Time AmpGFX – Moving NZD/USD stop up; Trump/Schumer talks on debt ceiling (Thursday, September 07, […]
For Dudley this speech was on the dovish side
For Dudley that would be described as a bit more dovish than his other outings this year, and it may contribute to the weaker USD trend. The key difference from other speeches from Dudley is that he acknowledged some of the fall in inflation was structural, and implied this might lower the path of hikes. […]
ECB and Draghi currency jawboning
The Draghi Press conference was more upbeat on economic growth and noted some moderate uptick in underlying inflation recently, which helps account for the EUR strength in response to the statement. However, the statement did insert concern over the strength of the exchange rate, suggesting that Draghi and the Governing Council are trying to jawbone […]
AUD/NZD long trade 30-Aug to 7-Sep
Real Time AmpGFX – closed long AUD/NZD (Wed 9/6/2017 7:38 PM) Sold one unit to close long AUD/NZD at 1.1089 Comment After the weaker than expected Australian retail sales and trade data, I decided to square up this long trade and protect profit. Will reassess and re-evaluate. But the paid may be establishing a range […]
BoC get on with in, but now watching more carefully; implications for RBA
The Bank of Canada hiked rates today to 1.0%, delivering back-to-back 25bp hikes on 12 July and now 6 Sep. Quite remarkable in light of the glacial pace of hikes in the US and cautious tone in policy around the world. They are removing considerable policy accommodation. Rates were very low, and today reverses the […]
Quick thoughts on RBA – a bit more optimistic on investment and labour
The RBA statement is pretty close the previous one, but they have signaled some improvement in the outlook for non-mining investment, and the labour market. They said, “The outlook for non-mining investment has improved recently and reported business conditions are at a high level.” This sounds more confident than the previous statement that said, “Business […]