Weekly Update: Portfolio Up 20% w-o-w

Forex Portfolio Up 30% week over week
Forex Portfolio is up 30% week-over-week do to gains in AUDUSD and JPYUSD

The 1.5% move in USDJPY  was the major contributor to the +$1,000 gain for the week.  The drop in AUDUSD also helped and it looks like the down-trend for AUDUSD could move price to our target of .716 within the next few weeks.

All of the success of the fund is encouraging but it could be too much too fast and some of the gains might be given back before the portfolio enters another large move up.  The fund is up 30.85% for the year and is relying heavily on the BoJ to weaken its currency in the near future.  Abe has decided to not increase the consumption tax until next April which should add to a large supply of Yen and hopefully a move above 112 in USDJPY in the near-term.

 

Initial Capital   5,100        
YTD Return   30.85%
Open P / (L)          
    Size Average Current   Current
  Side (USD) Cost Price Difference P / (L)
EURGBP Sell 40,000 0.7858 0.78752 -0.00172 (101)
GBPUSD Buy 0 1.463405 1.4359 -0.027505 0
EURUSD 0 1.14768 1.1308 -0.01688 0
EURJPY Buy 40,000 122.66 122.850112 0.190112 62
USDJPY Buy 50,000 106.526 108.64 2.114 973
AUDUSD Sell 30,000 0.7655 0.72681 0.03869 1,161
Open P / (L) 2,095
          Closed P / (L) (522)
          Financing (20)
          P / (L) 1,573
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

Be the first to comment

Leave a Reply

Your email address will not be published.


*