RTFX’s Managed account strategies recorded strong gains on Wednesday after the publication of the Federal Reserve’s FOMC minutes sent the EUR/USD sharply higher. The minutes from the Fed and comments by Chairman Bernanke who said inflation and unemployment rates still warrant accommodative monetary policy. The steep rally extended to today, and the pair hit 1.3207, but has since consolidated to around 1.3040. All our strategies are positioned long today, and the Conservative strategy hit its stop-loss as the market reversed. The Dynamic strategy recorded 4.47% yesterday, and rose to 14.87% for the month while the Standard gained 2.56%, up to 7.24% for the month. The Conservative strategy was up 0.86%, to reach 2.66% so far in July.
Posted on: Thu, 11 Jul 2013 10:26:02 +0000
Trending Topics
Recently Viewed Topics
© 2015