Trade 3 Long AUDUSD (-5 pips)
Last week the Australian economy recorded some good results with better than expected GDP figures showing a 0.3% increase. China released better than expected export and import figures adding more positive impetus.
Trade 2 Short GBPAUD (+58pips)
This trade is very similar to trade 1 but takes advantage of the fat that the Aussie is approaching a break higher against the dollar and had a very good economic week.
Trade 1 Short GBPUSD (+56 pips)
The political risk to the pound just keeps getting worse i wrote about it on the economic blog. Whenever a good technical position arrives it is a good idea to sell the pound. It is however very volatile and can snap back easily so i will take proft at the first sign of trouble.
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