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Holding Short GBP/USD; Flat Otherwise

Holding Short GBP/USD; Flat Otherwise

Christopher Vecchio, CFA, Senior Strategist

Although I am currently holding a short GBP/USD position from 1.5750, I remain flat elsewhere early in 2012.

I fully expect to remain flat for the rest of this week and part of next; ideally, I would like to see the 5-day average volume on the S&P 500 pick back up over 650 million shares before I begin taking large positions once more.

Any other trade updates can be viewed in the real time news feed, or you can follow me on twitter at @CVecchioFX for trade thoughts and other macroeconomic musings.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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