Here are the trades I am active in:
AUD/JPY
Long AUD 3,735,990.04 short JPY at 82.79 average.
Current rate: 81.65
Current: Loss by 114 points.
Comment:
By buying AUD I have converted this trade from a crappy USD/JPY deal to a AUD/JPY deal. See post here. Target is 85.00 enroute to 105.00.
I remain comfortable with carry trades.
Extra background:Sold USD3m and bought AUD at 0.8030, thus making the USD/JPY trade long AUD3,735,990.04 short JPY at 82.79.
NZD/JPY
Long NZD 3m short JPY at average of 57.23.
Current rate: 65.50
Current: Gain 827 points.
Comment:
I remain comfortable with carry trades with the NZD/JPY up over 44% this year! Happy with the current exposure.
EUR/USD
Square
Current rate: 1.4185
Comment:
Overall I see the USD weakening considerably due to quantitative easing pressures. But would not be surprised to see the USD strengthen over next few weeks.
AUD/USD
Long AUD2m short USD at 0.7312.
Current rate: 0.8370
Current: Gain 1058 points.
Comment:
These rallies have probably done enough for the minute, so will be taking profits at some stage this week.
NZD/USD
Long NZD2m short
USD at .6241.
Current rate: 0.6715
Current : Gain 474 points.
Comment:
These rallies have probably done enough for the minute, so will be taking profits at some stage this week.
Unrealised gains NZD770k (AUD/JPY –65k, NZD/JPY +379k, AUD/USD +315k, NZD/USD +141K).
Previous balance: NZD1,742,865.90
No changes realised.
Total gains banked since August 2007:
NZD1,742,865.90
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....
2 comments:
there must be a way you can write the common words dude, I struggle all the time to work out what you are saying, which is Long and what is a Short, and all I know is that $NZ will continue up, and probably $AUD also, and Australian have better weather, and we only live for a while, last year and the year before that I lost money, and so far this year i have made $NZ15,000 but then others made zillions dude,
Long = bought or holding that currency, or in credit funds of that currency.
Short = sold that currency or overdrawn that currency.
I am expecting AUD to strengthen against USD, NZD to strengthen against USD and AUD and NZD to strengthen against the Yen.
I am positioned in the currency markets to take advantage of these moves, and so far it is working very well!
Post a Comment