Monday, 16 June 2008

Position update

Here are the trades I am currently active in:

NZD/JPY
Square

NZD/USD
Square

EUR/USD
Long USD short 3m Euro at average of 1.5160

Current rate 1.5425: loss

Comment:
STILL watching and waiting for a turn in the EUR/USD back below 1.4500.

USD/JPY
Long USD1m short JPY at 106.30

Current rate 108.40: Gain

Comment:
Not sure how this will work out yet, so keeping position to USD1m at this stage.

AUD/USD
Square

Comment:
Cut the AUD1m long at 0.9500 and took a gain of AUD82,105.26 (Not counting carry interest)

Total gains to date this year:
NZD369,043.58

Next trade:
Looking to buy NZD1m sell AUD on a move into the 0.7800 - 0.7900 area.

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