I was looking for a trade today.
Decided to do a straddle on the GBPUSD with the following details: –
Stop if Offered; 1.2790, Spot 1.2818, Stop if Bid; 1.2838
As it turned out the Stop if Bid was triggered as Claimant count came in lower at 6K versus 10.5K expectation. Unemployment also improved slightly from 4.6% to 4.5%.
Am still holding the spot position with SL at 1.2838.
Let’s see.
The Panthenon Investment Group 