Big week coming Up

After a week  away from  the  screens trying  to  catch  up. This week apart from NFP  we  have  the  Rba, BoC, ECB and BoE rate  decisions. Plenty of US data including the Beige Book. Elsewhere the Greek situation continues to be unresolved, the British parlimantary situation still looks extremely unstable, China will no doubt continue to slow monetary growth and Iran continues to antagonise the  west..

All up, not much change..

Here in Chile, things in the south are pretty bad with massive damage left after the quake. Electricity. water and communications are still out in the worst affected areas. After yesterdays ransacking of supermarkets, the army has now been mobilised to help the police provide public order and also to provide medical and humanitarian aid stations.
As the media begins to arrive in the area of the quake the real scale of death and destruction is to say the least incredible. Tsunami´s have also destroyed many seaside towns with hundreds either missing or dead.

As far as copper production goes, I think the market has over reacted. The main area of production is in the north of Chile and that area  was untouched by the earthquake. Thus, I did sell 1 unit of march copper - HGH0 this morning @ 335.75.

To quickly round up. Eur/Chf position was stopped out at 1.4620 whilst I was away. Still running Eur/Jpy short from last monday @ 124.85, Aud/Jpy short from last monday @ 82.50, Aud/Usd short from last monday @ 0.9000 and Short YMH0 @ 10400. Stops have  been moved to entry on most positions  that  are relatively close whilst I try and get back into this again.

More later.