Nah still don't get it nor does the maths guy?
Avg Buy 21893.1 X 230 contracts X $50 HKD = $251,770,650
Avg Sell 21894.03 X 230 contracts X $50 HKD = $251,781,345
Sells 251,781,345 less Buys 251,770,650 = $10,695 HKD Gross Profit
$10,695 HKD to AUD = $1325 AUD less brokerage of approx $1100
=
$200 profit!
Avg Buy 21893.1 X 230 contracts X $50 HKD = $251,770,650
Avg Sell 21894.03 X 230 contracts X $50 HKD = $251,781,345
Sells 251,781,345 less Buys 251,770,650 = $10,695 HKD Gross Profit
$10,695 HKD to AUD = $1325 AUD less brokerage of approx $1100
=
$200 profit!
I have a lot to say on JPY, but will just say in relation to other assets:
So long as JPY remains a risk off currency, declines in JPY will work their way through to most asset classes as a decline in volatility == "BoJ put" sort of action. The big risk arb models will continue to push other assets to where the new JPY price implies they "should be".
suspect TH is working the same move on the HSI now....
\Should of actually hit out harder.......... though bit hard to hold when your first trade is 100 points off side.
The move on the Spoos was low volume, as was the SPI move this morning...
What news just came out?
I was busy getting shat on by the EURUSD when all of a sudden my long position finally broke good more than 10pts in a minute.
US Pit open....
Must be 'cos I can't see anything else except some comments from Bullard?
Liquidity does look to be exceptionally high right now in FX.
Cables up, bonds up, gold up...DX is dropping
If we are going back to NY opens where the EUR actually moves I am going to be a happy man.
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