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Unemployment Claims is clearly a data that is on the radar screen of the Fed.  So, it impossible not to be read to pounce on an opportunity if it happens.

So at about 9:27pm, I decided to put in a straddle trade with the following details: –

EURUSD   –   1.0651   –   1.0677   –   1.0697

GBPUSD   –   1.5245   –   1.5265   –   1.5285

Unemployment claims came out FLAT at 271K versus expectations of 272K.

I withdrew the trade 1o minutes after the announcement as rates were not going anywhere.

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