After the ISM demolished my Europe positions, Aussie dollar came back which squared off my EURAUD shorts. Meanwhile the GBPJPY long hedge has worked nicely and cushioned the PNL for the timebeing.
Aussie news coming up this morning as well as USD news later this evening.
Still playing my contradictory thesis, but USD positions are severely underwater. No indications of a bottoming out yet, but my indications for USD strength persist.
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Just little ideas about money, investments, finance, and markets. It is really a complicated world we have made for ourselves. Let us try to figure things out together.
Mark T. Market has been a stockbroker, commercial bank officer, real estate developer, car and truck tire wholesaler, and call center owner.
Join me and other traders at the Finance Manila forum where we can discuss stocks, trading, politics, and more.
To contact me, you can send me an email at dligot@yahoo.com.
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