Tuesday, 23 September 2008

Position Update

Orders filed at 1.4350 and 1.4400 for EUR 1m apiece.

So now short Euro 4m long USD at average of 1.4283 and at the current rate of 1.4640 not looking too good. Will re assess if 1.5000 is broken conclusively.

But certainly volatile times, with the USD correcting from recent gains as a result.

May sell NZD against the USD tomorrow if above 0.6900 in the morning.

AUD is a sell against the USD on approaches to 0.8600.

Have left an order to buy 1m USD sell Yen at 104.00, just fishing really for a good level.

We'll see how my wallet has coped by week's end!

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