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Monthly Archives: April 2013

AUDJPY

This morning at 8:30am Singapore time, the trade balance for AUD came in at (0.81)Bn and improvement from the previous month’s (1)Bn.

New Home Sales declined to -5.2 compared the a positive 4.2 the previous month.

Nonetheless, AUD strengthened alittle and the JPY weakened a little, giving us an opportunity to long the AUDJPY at 97.63 and we closed the position at 97.90 for a 27bps realized trading profit or an absolute gain of 0.27%.

We missed the opportunity to short the AUDJPY on the way down at about 10am Singapore time.

Market is possibly creating an opportunity to long the AUDJPY again, the current spot is at 97.65 and the technicals look interesting.

Update on 1 month GBPUSD call option @ 12 March 2013

We were given another opportunity to square off the option on April 2nd and we took it.

We sold the call option at the spot of 1.5240, against our breakeven of 1.5110, we realized a trading profit of 130bps or a 0.85% absolute gain.

We will stay sidelines till we get a better feel through our analysis, just where the GBP will be heading.

For now, the Daily Chart; is showing further weakness in the GBP with trend trading below a declining cloud.  The lowest level in 2012 was 1.5352, in 2011 it was 1.5467 and in 2010, it was 1.5085, so the current spot of 1.5086 is incredibly low for the GBP, however, technical analysis does not show that there is a base.