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Risks to our AUD and NZD short trades

Posted on May 12th, 2017

In placing the short position in AUD earlier this week, I had in mind persistent strength in the USD on firming confidence in the recovery in the US and higher US yields, in spite of diminishing expectations for any near-term progress on tax reform. The Comey affair has shifted the dynamics somewhat to be less […]

Comey and US energy report; trading from 5 to 10 May

Posted on May 11th, 2017

10 May 2017 (Stop-loss triggered on long EUR/CAD at 1.4869) Position  Short one unit AUD/USD at 0.7343; s/l 0.7438   US energy report & Comey The Comey firing, unsurprisingly, is dominating news.  While few seem to argue that Comey’s judgment has been poor and confusing, the timing of this firing, days after the former acting […]

Long EUR/CAD comment and orders

Posted on May 5th, 2017

Position Long half unit EUR/CAD at 1.50806; s/l 1.4893; t/p 1.5493   Comment Canadian bank stocks remain under pressure in the wake of the HCG event.  BoC will presumably be very cautious on policy going forward, fearing the broader impact on the housing market and credit conditions. The oil price has broken through March lows, […]

Bought EUR/AUD

Posted on April 23rd, 2017

Bought half unit EUR/AUD at 1.44125 Positions long half unit EUR/AUD at 1.44125; s/l 1.4273  Comment Eurozone again posted another increase in its preliminary April PMIs.  Recovery continues to show resilience and gaining moment.  US preliminary PMI was weaker.  EUR upside potential seems significant at this time with Macron well positions to take the final […]

bought EUR/AUD comment

Posted on March 31st, 2017

The attached pdf covers key developments at the end of the week (31 March).  Thoughts behind the trade are similar to that discussed on 27 March.  Positions long half unit EUR/AUD at 1.4000; s/l 1.3867

Real Time – bought EUR/AUD comment

Posted on March 27th, 2017

See attached pdf for commentary and charts on this trade.