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Short EUR/CHF (From 18-Oct to 19-Oct)

Real-Time AmpGFX – Bought to close short in EUR/CHF (Fri 10/19/2018 7:57 AM MT)

Bought EUR/CHF at 1.1430 to close short position

 

Comment

Markets are skittish and reacting and encouraging profit-taking into the weekend.  We presume risk is towards a rebound into the weekend in global equities, led by the rebound in Chinese equities.

Italian yields on the day have turned lower.  We are looking to keep our risk low, and decided to close this position.

 

Positions

Short one unit EUR/USD at 1.1494; s/l 1.1558; t/p 1.1358 (capital at risk 0.58%)

Real-Time AmpGFX – Sold EUR/CHF (Thu 10/18/2018 10:06 AM MT)

Sold one unit EUR/CHF at 1.1433

 

Comment

Risk aversion related to Eurozone periphery has increased.  Italian bond yields have hit new highs.

EUR/CHF appears to have diverged from Italian bond spreads in the last month and is trading near tech resistance.

Globally risk aversion appears at risk of building with the poor performance in Chinese equities.

 

Positions

Short one unit EUR/USD at 1.1494; s/l 1.1558; t/p 1.1358 (capital at risk 0.58%)

Short one unit EUR/CHF at 1.1433; s/l 1.1523; t/p 1.1238 (capital at risk 0.81%)



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