Did not realise that it was January when I last posted this!!
Anyway, here are the trades I am active in:
Long USD 3m short Yen at 103.10 average.
Current rate: 97.75
Looking for a rally up through 100.00 in April.
Short USD3m freeze trade taken against JPY at average of 96.97 closed at 89.63, generating gain of USD245,676.67, NZD423,580.47 (not counting carry interest).
Long NZD 2m short JPY at average of 54.54
Current rate 56.20
I am comfortable with carry trades again. Will add more if a solid break above 0.6000 is seen in the NZD/USD, 100.00 in the USD/JPY or if 55.00 is seen in the NZD/JPY.
Current rate 1.3550
Still can’t make my mind up on EUR/USD. I could see it go either way, so best to stay out of it.
Current rate 0.6930
Long AUD1m (0.6425) short USD at 0.6600, for a gain of USD17,500.00 @0.5300 NZD33,018.87 (not counting carry interest).
I am still watching the CRB index closely, and if this starts to point higher, I will re-instate position in the AUD/USD. But needs to break up through 0.7100 and sustain it to be much more confident.
Also like the AUD/JPY carry trade, so will look to build a position if we see a dip to 66.00.
Current rate: 0.5750
I cashed out my long NZD2m position taken at 0.5668 at par. Think the NZD looks a bit overdone but still want to buy on weakness. Will wait for the next dip. If we break above 0.6000 will have to get involved anyway.
Previous balance: NZD1,475,315.47
Plus AUD gains of NZD33,018.87
Total gains banked since August 2007: