Flash Update : Closing Sell $UsdCad @1.1090

I am closing my $UsdCad short @ 1.1090 . All other fx positions unchanged

Comments

Post a Comment

Popular posts from this blog

Asia markets down : S&P falls near 1800 mark : Nifty flat

Nifty was flat yesterday and hovered around 6800 mark . It will open in red today as stocks dropped globally . There was good turnout yesterday in India elections with major states went to polls yesterday . Nifty will take cues globally in the coming days until election results are out . I feel  what ever be the outcome India will grow in 2015-16 and I  am bullish after mid 2014 . No change in my sell Nifty call strategy . Asia markets were down on opening after china reporting fall in producer price index and accelerated inflation . S&P fell due to tech shares sell off and is almost 70 points down since last week . I will close my S&P short position next week or by end of day today for some profit . Dollar continued to be under pressure and important events today will be Euro consumer price index and US business confidence index later today . No change in my FX positions as all of them are in red and will hold for some more time . Strategy No change in long $UsdC...
Read more

US Retail Sales rebound : India Inflation down and manufacturing improves

Nifty closed marginally up above 6500 , there was profit booking around 6500 levels which resulted in drop of nifty last week . Inflation dropped for consecutive second month while manufacturing was in positive after a long gap shows overall macro economic factors improving in 2014 . This has to continue for another quarter to have a bullish stance on India . General elections also coming up next month I will rather wait till June 2014 to be on the buy side .  I closed by sell put on Nifty last week in profit . There is no change in my sell Calls of HDFC Bank to cover my loss occurred last month . US retail sales figures improved and jobless claims were down than last month . S&P dropped to 1840 and will sell on Monday opening for a target of 1800 . China output was at 5 year low which led a sharp drop in commodities . Lot of pessimistic data coming up from China has sent fears across the globe hinting a slowdown in their economy . Dollar has gained a bit as is now at...
Read more