Sydney Update

Aud trade from friday gave 50-80 pips depending on entry. Took another 15 pips on aud sell in early new york with chf trade giving 40 pips. Carrying nzd sell over at .7800. No more trading till post fomc unless opportunity comes along that cant pass up.

Weekly outlook for majors

General Market Comments Last week we got a split decision from our friends on the other side of the pond.  The BOE cut rates as expected but the ECB decided not to.  No major surprise in either case.  At this point we feel that the ECB has now backed itself into a corner where the…

Clearing Chf

Making short day on clearing chf trades from 11230-40 zone which gave 35-40 pips, can lock it in and let it go if like but just dont want position into fomc so taking it and doing one more rolling into nzd sell at 7790-7800

Staying Light

Still staying light ahead of FOMC. Aud hit 8750 target at week open and this morning gave sell entry again as 8830 still caps, took at 8811 but will lock in prior fomc. Willing to buy chf 11230-40 but under 11225 goes to 11177 where will add heavier to position but still light until fomc…