Monday
May152006
Pause in dollar decline - cover some short USD positions
May 15, 2006 at 4:00 PM
Friday afternoon I covered much of my Dollar short by selling out of half YEN position at around 110. I also shorted GBP (British Pounds) at just above 1.90. I will re-establish the full size of my dollar short after the market stops focusing on the rumored central bank rate increases in Japan and Europe.
Disclaimer: I am short GBP/USD futures (Globex 6BU6). I am long Yen futures (Globex 6JU6). I am long Japanese Yen in my brokerage account, I keep balances in various other non-us currencies including British Pounds.
Nothing in this entry is meant to be construed as advice or a recommended trade. This blog is not meant to, nor does it, represent full log of all my trades. I use it to highlight trades that might provide food for thought.
Disclaimer: I am short GBP/USD futures (Globex 6BU6). I am long Yen futures (Globex 6JU6). I am long Japanese Yen in my brokerage account, I keep balances in various other non-us currencies including British Pounds.
Nothing in this entry is meant to be construed as advice or a recommended trade. This blog is not meant to, nor does it, represent full log of all my trades. I use it to highlight trades that might provide food for thought.
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