Equities: Stocks finished the day flat, nothing exciting happening today. There is not much meaningful economic data coming out in the next couple of days, so I'm not expecting any significant moves. The VIX index is also trading at a low level, so implied volatility must be low, perhaps a good time to go long vol, either through option buying or the index itself.
Currencies: The Pound fell against the Dollar and the Euro held flat, again nothing exciting happening today. The Dollar was initially down early in the day but pared losses later on. I have taken on a new long term position, long USDJPY. Some interesting articles on the structural problems in Japan, it will be interesting to see how this plays out. Potentially we could see Yen weakness on a renewed interest in the carry trade
Commodities: Gold fell moderately today, nothing in particular as the driving force. Crude oil edged upwards, continuing its bullish trend. Likelihood is now that my option will expire worthless, it has already lost most of its value.
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