DislikedHi mate,
You didn't reply to my post but PLEASE dont feel bad about your bad call on AUD. I took call myself and still holding on to it. will partial hedge at .9216 and then again partial hedge at .9255
I am betting on worse than expected retail sales and no interest rate hike next week.
lets see what happens.
cheersIgnored
I did read your post. I wanted to send you a PM which I didn't get the chance. Thank you for all you said ;however ,I'm still sad about the whole thing.
hopefully as you mentioned this trade would turn out to be good for you.
I think market has already priced in rate hike for the next week ( .50 %), if that wont materialized Aussie will hit harder than what everybody think.
the A/U long is extremely overcrowded, there are lots of SL's below .90 handle and I anticipate a sharp fall to .86-85 if they wont raise the rates.