Currency Report

CAD/JPY

• I traded 30,500 units of CAD/JPY. 500 units of it bought at 79.90900 on 23rd, September, and closed at 79.49400 on 24th, September. 20,000 units of it bought at 80.4100 on 24th, October and another 10,000 units was bought at 79.80600 on 31st, October, both of them closed at 80.767 on 5th, November.

• I read a lot of news about Fishing islands about that time, most of Chinese were refuse to buy products made in Japan and refuse to travel there. Those factors cause Japan economy went down. And furthermore, most of Japan’s exports were to Europe, since the financial crisis happening in Europe, Japan’s economies were facing challenge. Those causes may lead Japanese Yen depreciate, that’s why I bought CAD/JPY.

• Profit: $208.1081

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AUD/CAD

• Short sell 10,000 units of AUD/CAD at 1.02973 on 24th, October and then closed the trade at 1.03082 on 4th, November.

• I traded AUD/CAD according to a news on 20th, October that said that the Australian Dollar forecast remains bearish despite faster inflation as the Reserve Bank of Australia scales back its fundamental assessment for the region, and we should see the central bank continue to embark on its easing cycle in an effort to encourage a stronger recovery. Then AUD supposed to depreciate that’s why I shorted it. However, I actually went up, and then I lost for this.

• Profit: -11.0458

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GBP/JPY

• Short sell of 10,000 units GBP/JPY at 127.997 on 30th, October and closed trade at 129.28, on 1st, November.

• According to the Forex Analysis: GBP/JPY classic technical report 29/10/2012. Prices put in a Dark Cloud Cover candlestick pattern below resistance at the top of a rising channel set from early June, hinting a move lower is ahead. Initial support lines up at 127.01. In my view that there will not be a big change in the price in the short term but might volatile and goes up a little bit. The GBP may...