Eh, can't help myself. It just hit me that I was given a near 300 pip gift over the last 12 hours. Just re-established a small short in AUDUSD.
Dumped almost half of my long stock exposure into this ramp and added some hedges. Across all my accounts I'm probably net neutral equities now, slightly long Dollar and long bonds. If my timing is as 'good' as it's been over the last couple months then we should rally another 20% right here.
So Belgium got 2.6 Billion USD from it's citizens at an intrest rate of 4%. Net 3% actually because of the taxes. They went to the market today and got the same amount for 5.7%. Critics are saying if this is a trend that they are willing to follow banks will get hurt so is it really a wise road to take...
WowWwwwwwww!!! Finally some good news amid all this ratings downgrade everywhere else. Long aud at 0.999, target 1.02-1.04 ??
closed the position at 1.0030, was thinking of closing after initial runup at 1.0070, but images of bigger profits stopped me. Disappointed but well, at least not a losing trade. Now, short EURAUD - still want to have a long AUD position but not directly against dollar.
not happy with short euraud now, closed it.....seems market is going to sell-off if that happens euraud might go up instead..... Now i have a short aud bias and have put on a small short AUD position as a start. Would have been smarter had i put it around 1.0070. but then everyone is genius in hindsight.