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Daily Archives: November 15th, 2017

15 Nov @ UK Claimant count and employment change

One of those much looked at economic data for the UK since it is a services economy.

I decided to place my straddle with the following details: –

Stop if Offered at 1.3175, Spot at 1.3197, Stop if Bid at 1.3215

Data came out mixed; claimant count was done, but job creation was poor, unemployment rate held constant at 4.3% and average weekly earnings edge upwards.

Market initially stayed quiet not knowing what to make of it and then it started selling off the GBP, I suppose the market took issue with the poor employment change or job creation data.

It triggered my Stop if Offered leg and I follow the market till I felt there was no more steam so I decided to square the trade at 1.3140 for a trading profit of 35bps.

Ok lah……….not too bad for the start of trading this week after coming back from a driving holiday in Malaysia……………..eat and drink.

15 Nov @ 1 day USDJPY call option

I am deciding to take a small punt and buy a one day call option on the USDJPY with the following details: –

Strike: 113.20

Premium: .030

Breakeven: 113.50

Let’s see.

USDJPY……….Divergence point?

4H chart shows that the USDJPY is about touching the 200DMA.

At this point, the USDJPY can rebound back to 114 or meltdown to 111.70, how will it move.

Is this a buying or selling opportunity?!

Let’s see whether it can defend the support level of 113.20?!

Is the AUDUSD entering a period of softer AUD?

I totally missed this………………SHOOT!

Looking at the Daily chart, I noticed that spot crossed the 200DMA on November 4th at 0.7697.

Does it mean that the AUD is heading for a protracted softening?

I have already bought two call options with breakeven averaging 0.7710………about 130 basis points away right now………….hmmmmm……..will I have a chance in the next three weeks for the AUDUSD to recover?

Let’s see.