Quick overview of Asian FX market
- Japanese Tankan manufacturing sentiment at 3-year lows:
- HSBC China manufacturing PMI slightly better than expected at 50.9:
- Rumours (usual Friday fare) about a possible Chinese weekend rate cut:
- Regional stocks +0.4% on average:
- Gold $1698/oz:
- AUD/USD tested support at 1.0510 pre-PMI but rallied thereafter:
- EUR/JPY makes fresh recent highs above 109.80, more Japanese retail investment fund buying noted.
Good afternoon Sean,
Thanks for the email. I have bought back this morning at 0.8116, i am not really confortable above 8110. I am little disappointed with this trade, i have started by an long position above 0.8100 and i have shorted for play the swings which were never realized (c’est la vie 😉 ) but I am currently learning. I have set up SL at 0.8172. Nobody can stop the EUR/JPY train ???
Don’t worry, wait until I get my big account warmed up and I’ll start smacking it in huge 🙂
And believe me the small losses are absolutely irrelevant in big picture, its the large profits which are important 🙂