Forex Portfolio Update 16 May 2016 – Holding Onto +30% Gain

AUDUSD within 130 bips of our tartget
Getting close to our AUDUSD target of .716.

The portfolio continues to experience strong gains due to a weaker JPY. The overnight news from Japan was encouraging. The country’s leadership is starting to change its rhetoric from a willingness to inject liquidity if the economy needs it, to the economy is slowing down and we need to be proactive to promote demand.  The BOJ does not meet this month so plan will not be announced until June at the earliest.

AUDUSD has given back some of its gains which was expected due to the significant move during the last few weeks. The RBA will release the minutes from last week’s meeting which will give insight into when it plans to cut rates again. Currently the market sees one more rate cut of .25 that will occur late Q3.

 

Initial Capital   5,100        
YTD Return   34.64%
Open P / (L)          
    Size Average Current   Current
  Side (USD) Cost Price Difference P / (L)
EURGBP Sell 40,000 0.7858 0.78770 -0.00190 (111)
GBPUSD Buy 0 1.463405 1.437 -0.026405 0
EURUSD 0 1.14768 1.13165 -0.01603 0
EURJPY Buy 40,000 122.66 123.2847801 0.624780125 203
USDJPY Buy 50,000 106.526 108.9425 2.4165 1,109
AUDUSD Sell 30,000 0.7655 0.72924 0.03626 1,088
Open P / (L) 2,288
          Closed P / (L) (522)
          Financing (20)
          P / (L) 1,767
Closed P / (L)          
Date Currency   Size Average Closed Closed
Closed Pair Side (USD) Cost Price P / (L)
5/3/2016 EURUSD Buy 10,000 1.1476 1.15065 31
5/3/2016 NZDUSD Sell 10,000 0.7009 0.7051 -42
5/9/2016 GBPUSD Buy 20,000 1.463405 1.4379 -510

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