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Tag Archives: LONG

Long GBPUSD; Strong employment data pre-Brexit

Yesterday’s UK employment data was most encouraging.  However, it is data prior to Brexit, it would be interesting to see the data the following month or two.  We need time to let ’emotions’ run through the economy, then and only then, will we have a more appropriate picture of post Brexit impact.

However, in the meantime, the data was good.

I decided to chase the market by going Long GBPUSD at 1.3100 and squared at 4:54pm at 1.3165 for a trading profit of 65bps.  Not bad.

Had to leave for an evening cocktail.  In hindsight, the GBPUSD moved higher after 5pm and again this morning at 7:30am Asia time.  Currently, it’s holding at 1.3229.

Hmmmmm……..missed out on the 100bps move, oh well. at least the drinks last night was great!

Trade: LONG AUDUSD at 0.9434 and squared at 0.9430

This morning the technical analysis indicated a possible upside to the AUDUSD, so I bought at 0.9434.

Through the next 3 hours, it was pretty much flatline, I then, made the decision to cut loss at 0.9430 for a 4bps loss.

Guess what?

The AUDUSD is now trading at 0.9362.