Equities: Stocks once again finishing slightly higher on the day. Good retail sales numbers were offset by worse than expected consumer confidence figures, overall meaning that stocks were lacking direction and fluctuated between gains and losses throughout the day. Slowly rising through the week, stocks have ended the week considerably higher.
Currencies: The pound was the story of the day, got absolutely killed on my short GBPUSD position. It rose to at above 1.52 before later closing just below that level. Not fully sure what drove this, think it was a just due for a rise given all the recent falls. Euro also finished higher against the USD, so not a good day for my overall currency trades. USDJPY was pretty flat.
Commodities: Oil and gold both trader lower today, unfortunately for my oil put is it too little too late, as this is increasingly looking like it will finish worthless. Meanwhile, gold is drifting back towards the $1100 level, could we see more falls to come in the near future? Lets hope so for the sake of my June gold put. Thats all for now, have a great weekend all!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment