Got cold feet on my long EUR short USD trade and closed it out today at 1.3590 for a small gain.
But decided I hate the pound, and so sold GBP1m and bought USD at 1.4990.
Will update more tomorrow.
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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....
4 comments:
what do you think of the kiwi against the GBP ?
I like it!
As I am long kiwi already and now short the pound, I am effectively long the NZD/GBP cross anyway!
I have a target of 0.5000 in the NZD/GBP. Basically the UK is stuffed, for a long time yet, but at least until after the election in June.
In NZ the RBNZ will eventually raise interest rates, and that will send the NZD/USD back to the 0.7500 area, maybe more.
All in all, it adds up to a higher NZD/GBP!
well had u just sticked to your original plan, i guess it would have been a great trade, normally the first instinct is the right one and what follows is noise and doubt,,, hope the rest works out for you will keep checking :)
Early days yet!!!
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