Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, October 3, 2011

Trading Options. Aud/Myr. Xau/Aud. Gbp/Myr

AUD/MYR hovering at 3.09 from a recent rebound of 3.06
AUD may revisit recent low of 3.06 if selling of commodities continue within the week so it's best to stay at the sideline or buy the option at strike of 3.00 if possible...
If you're already holding AUD, then consider doing an XAU/AUD option swap at strike/exercise price of 1600 or 1500 level as XAU/AUD is currently trading at 1700.

Meanwhile GBP/MYR has soared to high of 5.00 from below 4.80 within four weeks..

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