Open trading account 
In the week ended, the US Federal Reserve raised its interest rate by 25 bp to 1.25%. The Central Bank also provided more details about reducing its balance sheet. Despite weakening US inflation and retail sales, the strategy maintains intact.
The BOE gathered last week and the sterling pound rose nearly two cents against the US dollar in face of a 5 – 3 voting score. Notice that in the previous MPC there was only one dissident, Kristin Forbes. Now there are 3 members calling for an interest rate hike, though this dissidence impetus might be short-lived with Ms. Forbes leaving the MPC.
The BOJ voted last week 7 – 2 to retain asset purchases at an annual pace of about JPY 80 trillion. The board also voted to retain the -0.1% interest rate on current accounts that financial institutions maintain at the bank. The Central Bank will likely keep targeting the yield of 10-year JGBs at around 0%.
In the previous week, I’ve burned my equity to levels below 50K. I lost a 5M short EUR/USD and a 4.75M NZD/USD. The factor that triggered the losses was weak US fundamental data on Wednesday, such as weak CPI and retail sales. Though, I must acknowledge that the stop loss inputs were a bit out of range given the excess of leverage use.
I’ve opened a short EUR/JPY position on Friday and I took profit. I have one EUR/USD short position open through the weekend.
France will go to the polls this weekend and Macron is expected to gather a parliamentary majority. If so, this will likely impact the euro on the upside next week. I’ll have to monitor my EUR/USD short position.
The BOE gathered last week and the sterling pound rose nearly two cents against the US dollar in face of a 5 – 3 voting score. Notice that in the previous MPC there was only one dissident, Kristin Forbes. Now there are 3 members calling for an interest rate hike, though this dissidence impetus might be short-lived with Ms. Forbes leaving the MPC.
The BOJ voted last week 7 – 2 to retain asset purchases at an annual pace of about JPY 80 trillion. The board also voted to retain the -0.1% interest rate on current accounts that financial institutions maintain at the bank. The Central Bank will likely keep targeting the yield of 10-year JGBs at around 0%.
In the previous week, I’ve burned my equity to levels below 50K. I lost a 5M short EUR/USD and a 4.75M NZD/USD. The factor that triggered the losses was weak US fundamental data on Wednesday, such as weak CPI and retail sales. Though, I must acknowledge that the stop loss inputs were a bit out of range given the excess of leverage use.
I’ve opened a short EUR/JPY position on Friday and I took profit. I have one EUR/USD short position open through the weekend.
France will go to the polls this weekend and Macron is expected to gather a parliamentary majority. If so, this will likely impact the euro on the upside next week. I’ll have to monitor my EUR/USD short position.
