We are at the end of the trading year and unusually we have two trades open, we will be letting them both run over the holiday. They are both in substantial profit and have a positive role so we are paid to hold them. I wrote in the economics blog about GBPUSD you can read about it there, the other existing trade is long USDNOK, we bought 17th September at 8.2 and have been holding ever since, the target remains 8.9, of course we may be letting all of this profit go but that is the risk of this longer term trading. We still see the USdollar in an uptrend and can see no reason that it should end, the NOK is heavily dependent on the price of Oil and oil appears in a strong down trend. The watch list is prtetty empty at the moment with no new trades close at the moment, USDJPY which you can read about below is the only thing we are watching closely for January.
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