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Daily Archives: November 12th, 2015

A potential data that could be volatile though noise in the media was somewhat muted.

Everyone seems to be looking forward to Yellen speech at 10:3opm at the Conference of Monetary Policy, Washington DC.

I decided to put on my straddle at 9:28pm with the following details: –

EURUSD   1.0704   –   1.0724   –   1.0744 with spot at 1.0724 and SLs at spot

As it turned out unemployment claims came in about par at 276K versus expectations of 270K.

EUR moved slightly by about 15bps and flatline, so I decided to withdraw the trade.

Every country is looking at economic growth, labour, CPI and unemployment.  Australia is no different.

So at 8:23am, I put on my straddle with the following details: –

AUDUSD   0.7045   –   0.7065   –   0.7085 with spot at 0.7065 and SLs at spot

Employment came out whopping strong at 58K vs 15K forecast and unemployment rate dropped to 5.9% from 6.2%.

The AUD spiked up triggering my stop if bid order at 0.7085.  I sold half the position at 0.7140 and keeping the other half till Asia opens and clients starting coming in in the mid morning.

Unfortunately, the AUD didn’t really move very much more, so I closed the other half of the trade at about 10:30am at 0.7145.

Trading profits was 55bps and 60bps for an average of 57.5bps on $100Mn trade size.