Position Update

Here are the trades I am active in:

NZD/JPY
Square

Current rate 83.30

Comment:
Decided discretion was the better part of valour, so cut the position out. Will re- assess in March or if below 80.00 is seen.

Cashed out:
Long NZD1.5m (82.90 average) at 85.00 yesterday, for a gain of NZD37,058 (not counting carry interest).

NZD/USD
Square

Current rate 0.8000

Comment:
The NZD/USD dropping whilst the USD is weak is not a good look, and looked toppy, so closed the position out.

Cashed out:
Long NZD1.0m (0.7500 average) at 0.8100 yesterday, for a gain of NZD74,000 (not counting carry interest).

EUR/USD
Long USD short 1m Euro at 1.4550

Current rate 1.5200: loss

Comment:
Waiting for bad news on the Euro to run the EUR/USD back below 1.4000.
If 1.5300 is seen, I will double the USD Long position.

AUD/USD
Long AUD1m short USD at 0.8720

Current rate 0.9330: Gain

Comment:
Expect test of 0.9500 this year.

Total Gains :
NZD266,412.00

Next trade:
Looking to sell NZD1m buy AUD on a move into the 0.8800 area.