The Aussie Battlers guide to battling the Aussie Dollar Trade

Daniel Weston

Aimed Capital

Our largest profits for March (and the year so far) was our long Aussie dollar trade. Not many said that could be done! But we battled our way through, in what was a tough month for Global Macro Investors broadly. When we went long at the start of January I think we were the only ones calling a move higher. Fortunately we caught the bottom, at around 0.68. The Aussie now it sits at 0.765 and we are sitting on a large gain and remain long with 7% of our portfolio on the position. But how is it looking now? For every currency trade, there is obviously two sides to the pair. What we focus on is how the Australian economy is looking relative to the U.S, so that we can execute an AUD trade against the USD. We feel it is a mistake to trade a currency based on a single economy alone - it is just is not that easy! 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

Expertise

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.