Trading History

Euro-zone crisis 3Oct'11

2011-10-03T13:37:00.001+01:00

“The key question will be whether Greece has done enough to secure the next tranche of its bailout fund,” said Jane Foley, a senior currency strategist at Rabobank International in London. “The concern about the euro-zone crisis, layered on top of poor growth expectations, weighs on the euro.” - Source Bloomberg.

Sell Eurusd

Downgraded debt ratings 26Sept'11 (+153)

2011-10-03T13:27:00.001+01:00

The 17-nation euro weakened as Group of 20 finance ministers pledged to address risks in the global economy and Moody’s Investors Service downgraded debt ratings of eight Greek banks.

Sell Eurusd

Euro zone crisis (+430 pts)

2011-07-17T16:14:00.004+01:00

Seemingly unending euro zone crisis. EUR/CHF may be the cleanest vehicle to express a bearish view on euro zone systemic tension.

My position is sell eur/chf.

Region’s sovereign-debt crisis is worsening - done

2011-05-21T20:37:00.001+01:00

The euro dropped to a seven-week low versus the dollar and yen as Greece moved closer to defaulting on its obligations, bolstering concern the region’s sovereign-debt crisis is worsening.

My position is Sell EurUsd.
Loss : -178 points

Pound weekened - done

2011-05-15T15:11:00.003+01:00

The pound weakened against most of its major peers as signs the U.K. economic recovery is faltering heightened speculation that the Bank of England won’t raise interest rates anytime soon.

For this reason I sell GBPUSD.
Loss : -50 points

Gold Price will Rise - done

2011-04-23T14:05:00.004+01:00

I just said wow for the gold price. And I believed that the gold price will rise.
Analysts said that gold will come to $1800 till $2000 an ounce.

It means AUD will go up also. Nice!
Takes your coffee for that..

On those I buy audusd.
Profit : +163 points

21-25 Feb 2011 - done

2011-02-20T23:12:00.002Z

The dollar fell against the euro for the first week in almost a month as the Federal Reserve signaled its dissatisfaction with job growth, bolstering speculation it will be slow to increase interest rates.
Also crude oil increased on concern political protests in the Mideast will disrupt supplies.
BUY EUR

Profit : 20 points

14-18 Feb 2011 - done

2011-02-12T11:51:00.005Z

The Canadian dollar rose against most of its major counterparts as an unexpected trade surplus in December encouraged speculation the Bank of Canada will raise borrowing costs sooner than other central banks.
BUY CAD

Profit : 10 points

31Jan11-4Feb11 - done

2011-01-29T23:33:00.005Z

The pound fell against the dollar for the first time in three weeks and declined against the euro for the fourth consecutive week on speculation the Bank of England may not be able to raise interest rates to fight inflation as growth slows.
SELL GBP

The yen gained versus most of its major counterparts as Egyptian political turmoil spurred demand for the currency’s safety even after Standard & Poor’s lowered Japan’s credit rating.
BUY JPY

The Swiss franc rose this week the most versus the euro since November as President Hosni Mubarak faced the biggest challenge to his 30-year rule.
BUY CHF

Loss : -419 points

13-17 Sept 2010 - done

2010-09-14T13:36:00.001+01:00

News
-The dollar hit a 15-year low against the yen on Tuesday as Japanese Prime Minister Naoto Kan won the ruling party leadership vote, raising speculation Tokyo would not act immediately to stem the yen's rise.

-The euro fell against the dollar after a report showed German investor confidence fell to a 19-month low in September.

-Yen could easily go to 80, are you sure? Let's see..

My Forex Trading on 13-17 Sept 2010
SELL EURJPY

Loss : - 430 points

6-10 Sept 2010 - done

2010-09-07T13:27:00.005+01:00

News
-Growing pressure on the Federal Reserve to print more money to bolster the U.S. economy will likely boost the yen and franc.

-Stronger currencies are the last thing Japan and Switzerland need as their exports become less competitive.

-Reports the past few weeks showing slow inflation and a weakening housing market raise the chance that Fed Chairman Ben S. Bernanke will again inject cash into the economy through a process known as quantitative easing.

My Forex Trading on 6-10 Sept 2010
SELL USDJPY

Profit : 20 points

09-13 Aug 2010 (-522 pts)

2010-08-10T02:39:00.002+01:00

News
-Not safe to hold dollars. Quantitative easing is back on the table and it will push yields even lower.

-Analysts said things don't look likely to get better for the greenback ahead of the Fed's next policy meeting on Tuesday.

-A weekly close above $1.3125, the 38.2 percent retracement of the euro's November-to-June slide, looks likely and, strategists said, would be a bullish sign pointing to more euro gains.

-Chronically worse jobs data coming out is likely to continue to give the U.S. Fed scope to keep rates near zero for an extended period of time. that’s why the dollar sold off so rapidly.

My Forex Trading on 09-13 Aug 2010
BUY EURUSD

19-29 Jul 2010 (+66 pts)

2010-07-23T01:33:00.006+01:00

News
-The euro is still relatively well bid and would not be surprised to get 1.3200 due to momentum.

-European yields are rising and that's helping to drag the euro higher.

My Forex Trading on 19-29 Jul 2010
BUY EURUSD

My Forex Trading on 12-16 Jul 2010

2010-07-11T14:21:00.003+01:00

News
-The Canadian dollar moved sharply higher Friday, as Canada's sparkling June jobs data renewed faith that the Bank of Canada would raise rates when it meets later this month.

-Canada’s dollar advanced to its strongest level this month as job creation in June was almost five times what economists forecast.

-The Canadian dollar surged as June jobs data Friday renewed faith that the Bank of Canada will raise rates when it meets in 11 days.

My Forex Trading on 12-16 Jul 2010
SELL USDCAD
-94 pts
-119 pts
-46 pts

My Forex Trading on 5-9Jul 2010

2010-07-03T14:07:00.003+01:00

News
-The euro rallied to a five-week high above $1.25 Thursday, while the dollar fell broadly after disappointing data heightened worries of a much more sluggish U.S. recovery.

-The euro headed for a weekly gain versus the dollar on signs that funding pressures are easing on countries and financial institutions in the 16-nation region.

My Forex Trading on 5-9Jul 2010
BUY EURUSD
+88 points
+3 points

My Forex Trading on 28Jun-02Jul 2010

2010-07-03T11:51:00.011+01:00

News
-The GBP is getting a boost from a positive market reception to the efforts by the new government in tackling the gapingfiscal deficit and a hawkish turn in BOE expectations following the revelation in last week BOE Minutes that MPC member Sentence voted for a 25 BP rate hike.

-The GBP also got support last week from M&A related flows and safe-haven flows into UK Gilts as the European sovereign debt crisis took a turn for the worse. The GBP was the best performing currency last week gaining 1.65% against the USD and EUR.

My Forex Trading on 28Jun-02Jul 2010
BUY GBPUSD
-101 points
+139 points
+61 points
+28 points

My Forex Trading on 21-25 June 2010

2010-07-03T11:47:00.003+01:00

News
-The euro was helped by a bout of short liquidation after a strong response to Spanish bond auctions and soft U.S. economic data.
-Other currencies that do well when investors become more risk seeking, such as the Canadian and New Zealand dollars, o-called safe haven currencies like the U.S. dollar and the Swiss franc will likely weaken versus the euro.

My Forex Trading on 21-25 June 2010
BUY EURUSD
-30 points

My Forex Trading on 14-18 June 2010

2010-07-02T13:52:00.016+01:00

News
-New Zealand’s dollar gained as investors bet further interest-rate increases may buoy demand for the currency.
-New Zealand’s dollar rose after the rate increase was announced.

My Forex Trading on 14-18 June 2010
BUY NZDUSD
+192 points

My Forex Trading on 1-4 June 2010

2010-06-01T14:05:00.008+01:00

-The euro dropped as fears the euro-zone sovereign debt crisis would lead to considerable losses for the region's banks teamed with worse-than-expected Chinese economic data to spark concerns about the global recovery.

My Forex Trading on 1-4 June 2010
Sell EURUSD
-106 points
+118 points
+94 points
+127 points

24-28 May 2010 (+25 pts)

2010-05-22T06:45:00.009+01:00

-The Swiss franc fell last week, prompting speculation that the Swiss National Bank had entered the market to weaken the currency, and I think this movement will continue into the next week.@SELL CHF

My Forex Trading on 24-28 May 2010
Buy USDCHF

My forex trading on 22-26 Feb 2010

2010-02-21T23:26:00.004Z

News
-The dollar should continue to do well against weaker G10 currencies like the euro, the yen and the pound.

-The discount rate hike was an important first step on the way to policy normalization.

-The euro fell versus the dollar on speculation Greece will be unable to control its fiscal deficit, diminishing the allure of the region’s assets.

-The pound declined on concern the Bank of England will be forced to continue measures to revive Britain’s economy as other central banks withdraw emergency stimulus.

-The pound is falling because they’ve kept the door open to further quantitative easing.

-Oil prices are again flirting with $80 a barrel after a two-week rally fueled by promising economic reports and worries that troubles in Europe and the Middle East could eventually tighten supplies.

-An extended surge in crude prices will force gasoline and other fuels higher as well. Retail gas prices already have started to increase this week, and experts predict the national average will hit $3 a gallon this summer.

Conclusion
Short EURCAD
Short GBPUSD

My forex trading on 22-26 Feb 2010
Short EURCAD
-176 points

Short GBPUSD
+296 points

My forex trading on 15-19 Feb 2010

2010-02-15T09:42:00.005Z

News
-Investors turned to the metal as a hedge against currency volatility after news that European governments agreed in principle to support heavily indebted Greece.

-The euro hit multi-month lows versus the dollar on last Friday due to questions about a rescue deal for Greece, while China's surprise monetary tightening hit risk appetite.

-Gold held steady above $1,090 an ounce in Europe on Monday, as traders took to the sidelines ahead of a meeting of European finance ministers in Brussels later in the day, with a slightly firmer dollar tempering gains.

Conclusion
Short EURAUD

My forex trading on 15-19 Jan 2010
Short EURAUD at 1.5129, and T/P 1.5129 (+0)
Short EURAUD at 1.5152, and T/P 1.5136 (+52)
Short EURAUD at 1.5265, and T/P 1.5157 (+108)
Short EURAUD at 1.5284, and T/P 1.5271 (+13)
Short EURAUD at 1.5350, and T/P 1.5295 (+55)

My forex trading on 8-12 Feb 2010

2010-02-07T22:12:00.005Z

News
-Greece’s debt woes raised concern that the global recovery may falter.

-Greece and Portugal will struggle to cut their budget deficits drove down the price of crude oil and gold.

-European debt concern reduced demand for risk.

-Japan’s currency tends to strengthen during times of uncertainty.

Conclusion
Short EURUSD

My forex trading on 8-12 Jan 2010
Short EURUSD at 1.3679, and T/P 1.3616 (+63)
Short EURUSD at 1.3734, and T/P 1.3682 (+52)
Short EURUSD at 1.3780, and T/P 1.3736 (+44)
Short EURUSD at 1.3659, and S/L 1.3782 (-123)
Short EURUSD at 1.3643, and S/L 1.3660 (-17)

My forex trading on 1-5 Feb 2010

2010-01-29T23:09:00.009Z

News
-The US economic beat estimates which is consumer confidence improve in January.
-Greece budget problems will spread.
-The dollar strengthened as GDP increased at a annual pace from October to December, the fastest in six years.
-Greece’s bonds tumbled on concern the nation can't reduce its budget deficit without outside help.

Conclusion
Short EURUSD

My forex trading on 1-5 Feb 2010
Short EURUSD at 1.3914, and T/P 1.3744 (+170)
Short EURUSD at 1.3741 and T/P at 1.3666 (+75)

25-29 Jan 2010 (+220 pts)

2010-01-24T23:06:00.011Z

News
-The yen tends to rise during times of economic uncertainty because Japan’s trade surplus makes it less reliant on foreign capital.
-The Obama bank risk-taking measures place a dark cloud over the U.S. recovery, which makes the environment quite dollar-negative, and the yen strong.
-Greece will struggle to contain its budget deficit within the European Union’s limits.

Conclusion
Short EURJPY

18-22 Jan 2010 (+329 pts)

2010-01-21T11:15:00.006Z

News
-The euro dropped to a three-week low against the yen and fell versus the dollar as Greece struggled with its budget deficit and European Central Bank President Jean-Claude Trichet said the region’s outlook remains uncertain.
-The yen rose as China restricted lending, discouraging risk demand
-The dollar dropped the most against yen since November as a report showed U.S. retail sales unexpectedly fell last month and economists forecast that data next week will show wholesale prices were unchanged.
-Greece’s fiscal crisis poses a “very difficult phase” for the euro.

Conclusion
Short EURJPY