Sunday, 16 August 2009

No change to positions

Left all current positions in place, as the correction lower I was looking for remains elusive, with more and more evidence pointing to stronger AUD and NZD against both the USD and the YEN.

So, steady as she goes!

Monday, 10 August 2009

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