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Daily Archives: February 3rd, 2017

Ever since, Brexit has been looming over the UK, all data attributed to manufacturing and services has been on the radar screen.

This evening was the UK Mfg PMI.  I didn’t really know which way it was going to swing, but I could sense that it would be a weaker data, so I placed a one leg straddle with the following details: –

Stop if Offered at 1.2566, SL at 1.2586 and Spot at 1.2589.

The data came our flat at 55.9 same as forecast, GBPUSD hardly moved, so I withdrew the straddle trade.


When I saw the yen strengthened so much yesterday, I decided to do the opposite by buying a 1 month call option with the following details:-

Strike at spot; 112.35, Premium; 1.54, Breakeven 113.90, expiring 6 March 2017.

Let’s see