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As the Fed continues to eyeball the US economy both from the manufacturing as well as the services sectors for growth and job creation, tonight’s ISM Non-manufacturing PMI would be an important data to look out for.

I decided to put on my straddle with the following details at 9:55pm: –

EURUSD  –  Stop if Offered; 1.1130, Spot at 1.1162, Stop if Bid; 1.1190, with corresponding SLs at 1.1150 adn 1.1170

USDJPY  –  Stop if Offered; 102.90, Spot at 1o3.26, Stop if Bid; 103.40, with corresponding SLs at 103.10 and 103.10

The data came out softer at 51.4 versus expectations of 55.4

Major grinded upwards against the dollar.  Both my trades was triggered.

I squared the positions as follows: –

USDJPY at 102.17 for a trading profit of 0.73 yen.

EURUSD at 1.1243 for a trading profit of 53bps.

All in all, not too bad, can’t complain.

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