Day 296: Shorting the Aussie

Profit: $7.48 Total: $1,295.70

Had a fun time shorting the AUD/USD today. In the past few weeks, the AUD/USD had a tremendous rise against the falling dollar. Today, before the Australian Monetary Policy Meeting, the Aussie dollar fell.The policy mentioned worries about China, possible easing, and a moderate growth in Q1. The news was pretty much neutral but the possibility of easing makes me look at another shorting opportunity.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s