30 January 2013

Core Book : FOMC/NFP Hedged

  • Core Book running significant risk levels. This being a busy week with FOMC, NFP, various PMIs etc, figured running the entire thing naked not advisable.
  • Focus of market seemingly on the growth story, have thus constructed my hedges as per inset table.
  • 64% of my trades benefit from better growth. 36% the reverse. Will not tinker anymore from now to end of week before NFP.
  • Whilst writing this, US4Q12 GDP just released show a surprise -0.1%, yet P&L here hardly budged so I guess my hedge prescription is not too bad. 
  • [Got lucky with ZNH3. Paid 131-00 post ADP, before GDP].
  • Hopefully, this mix of risk positions will enable me to ride the EUR/USD inverse SHS to objective.

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