Tuesday, October 6, 2009

Tuesday 06 October

US dollar is being taken to the woodshed a bit today ... The Aussies raised rates 0.25% the first ones to do so and the commodity currencies are catching some bids.  AUDUSD & NZDUSD at new highs and USDCAD sitting on support.  Sterling as usual is lagging ... the indices are rallying.
If the dollar keeps going then crude should break out of this flag but its really not tempting me.



GBPCHF (02Oct) banked 50% @3xR 1.6390 (+1.5%)
AUDUSD balance stopped out (-0.5%)
CRUDE short 71.05, stop 71.55 1hr bearish engulfing
CRUDE stopped out (-1.0%)
USDCAD short 1.0598 stop 1.0618 break of round number support
CRUDE short 70.97 stop 71.37 - trying again
USDCAD banked 50% @3xR 1.0538 (+1.5%)
CRUDE stopped out (-1.0%)


+0.5% today
Open Positions:
GBPUSD short 1.6399 (23Sep) targets 1.58, 1.5530, 1.5250
GBPJPY short 148.45 (24 Sep) targets 141, 140.60, 139
GBPCHF short 1.6540
NZDJPY long 64.27
EURNZD short 2.0320
USDJPY short 89.48
USDCAD short 1.0598

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