Wednesday, October 20, 2010

Currency Wars Straddles Update, The More Currency Wars the Better

What can we say... Straddles from yesterday on the Aussie and the Loonie are doing very well already. I don't recall these moves in one single day. FXA is today +2% (yesterday it was -2%). This makes it almost too easy.

The trick is always when to get out. Lots of time on these. FXY waiting for BoJ move, and CYB will slowly get there, currently both at breakeven.

Once again, currencies is the place to be...

+23% and +8% in one day, not bad.

Oil (our favorite UCO) is also quite profitable today. Wednesdays are great (inventories released), combned with  the drop of the USD made for a good winner.

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