Friday 13 January 2012

The way I see it: Friday

A pleasant end to the week for us at JF. Both funds are performing, the in-the-money Macro position announced yesterday to be hedged by either EURUSD, Silver or both, and the market appears to have settled for yet another virtually flat week. These low volume markets are especially interesting for long term bears such as ourselves. The only near term hiccups: bloated short interest in EURUSD and an surprisingly impressive LTRO reception.

The extra keen JFers would've noticed that a cool 0.1% was made this morning on a long AUDEUR position in the Intraday FX programme. We can't say we didn't warn you!
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