And the last one for good measure:
Position #4: Long at 2.0990
I decided to take one more position.
Position #5: Long at 2.0800
Thanks for your posts Yohec. Ive been working away so havenât been on the forum, hoping to catch up this coming week 
As usual, the weekend here isâŠzombietown 
No problem. I took some positions on GBP/AUD but Iâm currently underwater. Are you still in this trade?
Just trying to work off all of that Thanksgiving Day turkey I ate.
Iâm holding shorts on gbpnzd gbpaud and eurusd. Volatility is way down on levels a few months ago so Iâm not adding any more for the time being.
Out of eurusd after price spike hit stop loss, made 50 pips.
Other pairs still sluggish
Long GbpNzd @ 2.26
[B]Yellen upbeat ahead of jobs report[/B]
Ahead of jobs report, Yellen says 100,000 would cover new entrants | Reuters
Federal Reserve Chair Janet Yellen, speaking the day before a key employment report, said on Thursday the U.S. economy needs to add fewer than 100,000 jobs a month to cover new entrants to the workforce, setting an implicit floor for the jobs growth policymakers want to see.
âTo simply provide jobs for those who are newly entering the labor force probably requires under 100,000 jobs per month,â with anything above that helping âabsorbâ those who are unemployed, discouraged or had dropped out of the labor market, Yellen, who was speaking before Congressâ Joint Economic Committee, said in a question and answer session.
The November jobs report is scheduled for release at 0830 EST (1330 GMT) Friday, providing a last key bit of economic data for the Fed before a policy meeting on Dec 15-16 that may see the first U.S. interest rate increase in a decade.
Yellen, in a question on a separate issue, said the United States may be âclose to the point at which we should be raisingâ a benchmark interest rate that has been held near zero since the onset of the financial crisis seven years ago. Though the pivotal policy meeting is less than two weeks away, she said that will still hinge on whether incoming information supports the Fedâs outlook.
Job creation has been averaging around 200,000 a month this year, a figure Yellen said was âquite a bitâ above the number needed to continue absorbing slack in the labor market.
Related Coverage
âș Yellen: Under 100,000 jobs a month enough to keep up with population trends
âș Fed's Yellen says expects to see some upward pressure on wages
Though unemployment at 5 percent is at or near the level many policymakers consider to be full employment, Yellen said that high levels of discouraged workers, part-time employment and other job market measures show there is still room for progress.
Yellen in her testimony was generally upbeat, spelling out how the economy has largely met the criteria the Fed has set for its first rate hike. Unemployment is low, growth continues at a modest pace, and Yellen said she is confident inflation will return to the Fedâs target over time.
Though weak global growth remains a drag, she said the United States is far more dependent on domestic consumption and investment which, at least so far, is strong enough to produce growth that is slightly above trend.
âOn balance thatâs led and I think it will continue to lead to growth that is somewhat above trend and on a continuing path of labor market improvement,â Yellen said.
The Fedâs first rate hike, expected to be 25 basis points, will start what is expected to be a slow cycle of policy tightening that may see rates remain below normal for years to come.
Excellent, Eddie, thank you⊠This, potentially, means that the markets may discount an upbeat figureâŠ
8:36 ET - The unemployment rate held steady at 5.0%. Other developments painted a positive picture: The number of Americans with jobs increased 244,000, while the number of those considered unemployed rose just 29,000. The jobless rate has fallen from 5.8% a year ago and from 10% in October 2009. A broader measure of unemploymentâwhich includes people who arenât looking for work and those stuck in part-time jobsâclicked up to 9.9% in November from 9.8% in October, but is down from 11.4% a year ago. ([email protected]; @JMitchellWSJ)
(END) Dow Jones Newswires
Looks good
We seem to be at critical points on 2 of our pairs. GbpNzd is struggling to break 2.27 (and further resistance awaits at 2.30), while GbpAud is stuck on 2.08 (with more waiting at 2.095).
Other than this, its been quiet lately with lower than average daily movements. Needs a bit of a kickstart to get it going again, hereâs hoping!
Good morning Eddie! Yes, they are a bit stuckâŠ
The Pound touched 1.49 and is now hovering above long-term support at 1.50: with both RBNZ and BoE rate decisions almost back to back today and tomorrow, it is not surprising that Pound and Kiwi pairs will hold their breathâŠ
Let us hope for positive outcomes for you, Yohec, Baz, Zizzo (if he is still trading Kiwi pairs), and me!
Go Wheeler, go! Give us a nice bit of pip bounty!
Price fell back to SLâs while I was hanging Christmas lights!
Made 140 pips on GbpAud and 60 on GbpNzd, waiting for opportunities to re enter at lower prices
In again at 2.282 GbpNzd and 2.089 GbpAud
[B]RBNZ cut rates to 2.50%[/B]
[B]Nzd too high[/B]
The New Zealand dollar remains uncomfortably high for the countryâs central bank. While making a quarter-point interest-rate cut, the bank calls the currencyâs strength economically unhelpful. âFurther depreciation would be appropriate in order to support sustainable growth.â Monetary-policy shifts by other central banks will influence the direction of the kiwi; the Fed is poised to raise rates next week. âWhile policy tightening in the US may lead to a lower NZD/USD exchange rate, other New Zealand dollar cross rates may depreciate less,â the central bank says, amid the prospect of further easing, or delayed tightening, by trading partners. ([email protected])
600 pip drop in GbpNzd, time to buy long?
Go for it!