Please find below the net returns for January 2025.
Minimal trading as usual for the start of the year. To date all trading has been around Trump and constant news events each day.
Trading can be hard as firstly trading is about what they speculate the Trump announcement will be and the outcome of it. Then the next trading is around what the actual announcement is and finally what impact this has for other currencies.
Whilst the constant news events occurred when Trump came in, we did not turn on all the USD currency pairs. We have only turned them on for the last week of January.
The decision was made to stop trading Coral Bay HR. The SR had previously stopped trading since May 2024. It was consistently falling outside our measures and the returns were not stacking up. But we may start it again in the future.
Some strategies are still holding USDCAD and NZDUSD trades. It may take some time to unwind whilst the US keeps the threat of tariffs and to see the actual impact.
Until Trump begins to settle down and remember it is not a sprint, the market will continue to be volatile. But as always, markets will begin to get fatigue especially as he has 4 years.
Any queries, please do not hesitate to reach out.

