§ Amidst evidence of a stuttering global economy, risk aversion remains the dominant market theme. Opportunities in anti-risk trades such as short GBPJPY continue to look attractive.
§ We cut our long SEKJPY position for a small loss, having clearly jumped the gun on this trade.
§ We take profit on our paid FRA position in South Africa as the potential risk of holding on to the trade has outpaced the potential reward.
§ The new Nigerian central bank governor introduces broad reform measures and while detail is still lacking, odds are for a gradual weakening of the NGN
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment