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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