Please below the net returns for September 2024
This month’s trading was very similar to August with constant scrutiny of Japan conversations regarding their interest rates and if they will raise them again this year. Also, in the mix is if the US will drop interest rates again and Israel/Iran war.
One of the larger news events was the injection of capital into the Chinese economy. Its economy has been sluggish after covid and concerns have been raised if there is more hurt to come as the capital injection maybe too late. It appears to be a slow burner and if not managed appropriately, could see larger news events in the future.
The count down is on with one month to go – US election. The past two elections were in the news constantly and causes constant movements in the share markets and forex markets. But this one is different as I think people are now use to the level of fake news that is pushed out and do not even bother to read it. As such, it really has had little impact on the markets so far.
We will look to try and exit trades later this month and reduce exposure as much as we can before the election takes place and see what happens after. We expect both parties have been holding back on what they will do once in power. These announcements may be the ones that will cause large movements in the markets. To reduce the risk, it might mean very little trading on our strategies for the month of November. Adding to this we like to be out of trades before Christmas so might see very small returns occurring.
A negative return on All Tassie SR occurred this month. It was holding several buy positions in AUDJPY since August which we were finally able to exit. We should have held for another week, and we would have shown a positive return but after waiting this long we wanted to ensure we exited altogether.
Our equity continues to rise when we tally all our strategies together which is our main priority.
Any queries, please do not hesitate to reach out.
