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.
The Panthenon Investment Group 