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.
The Panthenon Investment Group 