QE ends, dollar rises, wrong for the day

Daniel Weston

Aimed Capital

QE ends, dollar rises, wrong for the day. Yesterday was a horrible day for the portfolio's long Canadian Dollar, British Pound and Japanese Yen positions. The US Fed release all went to script with the end of the Quantitative Easing program. But obviously the market was hoping for something more on the stimulus side, as far as keeping extended bond buying going in an attempt by the Fed to further boost the economy. What did not go as expected for our portfolio was the way the US dollar reacted, instantly surging higher and our foreign currency positions against the US Dollar immediately lower. It was a day which resulted in pain to the portfolio where we cut these trades to stop the losses. Read more... (VIEW LINK)

Daniel Weston
Chief Investment Officer
Aimed Capital

Running the Aimed Global Alpha - Macro Hedge Fund. Aussie. Trader. Investor. Coder. Cricketer. Skier. Surfer. Flyer. www.aimedcapital.com


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.