Saturday, 24 Aug 2013
This week was fairly quiet and I end the week almost unchanged. For the month its down about -12%. Here’s the combined account picture:
The ‘other’ in the worksheet above refers to the AUDJPY trade. In the main pairs, I had 2 trades in EU, one in EJ, 2 in UJ, and one in AU, all of them small losses; and one trade in GU that was a winner.
Markets are basically biding time until we’re back to full strength in September. After a lull like this the moves that happen are usually sharp and big. The big issue of the Fed taper question will come to a head in mid-September. We also have German elections in the month. We can therefore expect a very active September.