Post Debt Deal . What happens next .... 17th October 2013
US Manufacturing Activity expands while consumer outlook dampened mood post debt deal . We will now have series of reports coming next week which will be announced soon , the major one Employment numbers which were not released this month . Other reports also showed more applications filed for unemployment benefits last week due to shutdown. Earning Season in US doesn't look good with the latest news that IBM and Goldman Sachs Group showed declining revenues .This has got the dollar under pressure and is losing among major basket of currencies .
Nifty closed lower by 42 points . Results announced today were Axis Bank , South Indian Bank , MindTree, INOX Leisure , HCL Tech which showed a marginal increase in profits . Except for IT sector none of them so far have given better results this quarter .
Strategy.
As published in my flash update I closed all my FX positions as I could see a pressure on the dollar in near term . I am with the dollar recently since I see US economy improving going forward in 2014 and hence was reflecting in my strategy [Buy USD].
I have established a Short #EurGbp positions @.8453 with SL of 100 pips ...
Statistics
|
Stock / FX
|
Position
|
Lots
|
Margin
|
Buy
|
Sell
|
Profit / Loss
|
Remarks
|
|
Nifty
|
Sell
|
1
|
25000 INR
|
6100
|
5900
|
10000 INR
|
Closed
|
|
Infosys
|
Sell Put
|
1
|
44625 INR
|
1.9
|
32.75
|
3650 INR
|
Closed
|
|
Infosys
|
Sell Call
|
1
|
60375 INR
|
21.05
|
51.15
|
3639 INR
|
Closed
|
|
Tata Motors
|
Sell Put
|
1
|
57400 INR
|
|
6.65
|
|
Open
|
|
Tata Motors
|
Sell Cal
|
1
|
51800 INR
|
|
2.25
|
|
Open
|
|
EUR USD
|
Sell
|
0.1
|
10 USD
|
1.35
|
1.36
|
10 USD
|
Closed
|
|
GBPAUD
|
Sell
|
0.05
|
10 USD
|
1.7
|
1.6756
|
26.00 USD
|
Closed
|
|
USDCHF
|
Buy
|
0.1
|
10 USD
|
0.90721
|
0.9048
|
2.41 USD
|
Closed
|
|
USDJPY
|
Buy
|
0.1
|
10 USD
|
98.11
|
97.9
|
2.1 USD
|
Closed
|
|
EURGBP
|
Sell
|
0.1
|
10 USD
|
|
0.8453
|
|
Open
|
Happy Trading
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