Thursday, 15 May 2014

CMC Market Update 2

On the 7/5/14 I purchased AU $10,000 of AU/USD at 0.9280 which quickly appreciated to 0.93500 where I sold all of them for a profit of $649.60. I made my decision to buy due to an up beat outlook on the Australian economy by the Reserve Bank Governor Glenn Stevens. Most of the time when a report comes out that the economy is going well, the Australian dollar will appreciate.

No comments:

Post a Comment