The USD looks to be gaining ground on the back of comments from various US officials, now worrying about inflation.
Sub prime is so yesterday's news. Now the Fed is worried about the USD weakening further, and the impact on inflation as a result.
Ultimately they can intervene and raise interest rates in the US if they have to, and traders know this.
This is moving the USD to strength against the Euro (at last, given I have bought USD3m!) and also against the Yen.
So have bought USD 1m and sold Yen today at 106.30. Also cut the AUD1m long position today at 0.9500 and banked the gains (went long at 0.8720).
So only have USD long positions now against Euro and Yen.
Will blog on updated positions and total gains to date on the weekend.
skip to main |
skip to sidebar
A totally irrelevant view of markets, life, the universe and everything in between.
About Me
- Kiwi Trader
- This blog is about sharing my market trades, as it helps the decision making to write about it first. It will be a bit of market analysis, a bit of trading, a lot of blonde watching, and if I get time, a bit of an opinion on stuff topical at the time....
No comments:
Post a Comment