Short AUD/USD (25-Jun)

Real-Time AmpGFX – converted AUD/USD to AUD/Gold, comment (China, US, AUD) (Mon 6/25/2018 12:21 PM MT)

Bought one AUD/USD at 0.7401 to close short position

Bought half unit Gold/AUD at 1712.37 (new position)


Real-Time AmpGFX – sold AUD/USD (new trade) (Mon 6/25/2018 12:04 AM MT)

Sold one unit AUD/USD at 0.7415

Comment

The fall in Asia EM currencies has been broad and significant led by the CNY.

It appears to have momentum and may persist to start the week.  So we have decided to go with it treating the AUD as a proxy for Asia and China led currency developments.

 

Position

Short one unit AUD/USD  at 0.7415; s/l 0.7453; t/p 0.7178

 

Our Capital at Risk: 102bp

By setting an initial stop loss of 0.7453,  our (AmpGFX) percentage loss would be 0.51%. Based on our trade size this represents 102bp or 1.02% of our trading capital.

In the past, I have provided some guidance on the relative size of our trades using “units”.  I am working on providing a clearer understanding of the actual amount of capital we have at risk, as reflected in the results we report on our website.

How much capital an investor will allocate to each trade will depend on their capital base (assets under management),  risk tolerance, and how each new trade might be considered to add to the existing risk in the portfolio.

As an investor or portfolio manager, you have to decide how to size your trade, and whether to trade at all. We are not providing any advice on these matters.  To confirm we are licenced to provide only “general advice.”  Please see our disclaimer and Financial Services Guide for more information.

 



Disclosure and Certification

  • The author of this report often has positions in the currencies and securities referenced in the report at the time of publication, or plans to trade in these currencies and securities.
  • The views expressed in this report accurately reflect the author’s personal opinion about the referenced currencies and securities referenced and other subject matter.
  • The report does not contain and is not based on any non-public, material information.
  • The information in this report has been obtained from sources we believe to be reputable and accurate, but we have not independently checked or verified that information.
  • This report is protected by copyright laws. Please do not republish, post or distribute in any way its contents without prior permission from our company.
  • Our Company is incorporated and licensed in Australia to provide only general financial advice. Please see our financial services guide and terms and conditions for use of this report for more information.

Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd