position overnight

[albatros]

1)
If I keep a long 100'000 GBPUSD position overnight how can I calculate my interest credit or debit in dollars?
based on (03-Apr-2006 04-Apr-2006) rates Swap Points of GBPUSD :

Long Positions = 0.000045
Short Positions = -0.000018

2)
If I keep a long 100'000 EURJPY position overnighthow can I calculate my interest credit or debit in dollars?
based on (03-Apr-2006 04-Apr-2006) rates Swap Points of EURJPY :

Long Positions = -0.0076
Short Positions = -0.0129


http://www.saxobank.com/?id=1572&Lan=FR&Au=2


Please please please help me

[Nonpiker]

Everyday your broker is going to revalue your positions. In cable if you are long you will lose since US rates are higher then UK rates by 25 basis points. In your example if you are long 100k sterling you will add .000045 to your rate each day. Let’s say you are long at 1.7350 you hold the position past the turn. Your will then be long 1.735045. You are effectively charged $4.50. The math is as follows 100k*.000045 =$4.50.

If you are short you can subtract the roll points your average rate. So if you are short @ 1.7400 you hold the position through the turn you will be short 1.739982. You will basically be charged 100k*.000018=$1.80.

You can see that neither way you earn here. That is because of the spread the broker is charging you.

In EURJPY you will earn when long since Euro zone rates are at 2.5% while Japan is effectively at zero. Lets say you are long the cross 142.00 you would subtract the points you average rate. 142.00-.0076=141.9924. So in this case you would earn .0076 yen. The dollar amount is as follows 100k*.0076/117.70 (the current rate of USDJPY) =$6.45.

If you are short you are going to be paying roughly $10.96 using the math I showed above.

I hope that helps you.