Wednesday, 6 February 2008

Position update

Thought it was time for an update, so here are the trades I am active in:

NZD/JPY
Long NZD3m Short JPY at average of 82.90 (79.50, 88.00, 81.20).

Current: gain

Comment:
Volatile, certainly caused a few grey hairs when down at 78.00, but expecting an eventual test of 90.00 this year.

NZD/USD
Long NZD 2m Short USD at average of 0.7500 (0.7300, 0.7700)

Current: gain

Comment:
Expecting a test of 0.8500 this year.

EUR/USD
Long USD short 1m Euro at 1.4550

Current: loss

Comment:
Waiting for bad news on the Euro to run the EUR/USD back below 1.4000.

AUD/USD
Long AUD1m short USD at 0.8720

Current: Gain

Comment:
Expect test of 0.9500 this year.

Next trade:Looking to sell NZD1m buy AUD on a move into the 0.8900 area.

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