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Tag Archives: PPI

The straddle that was executed was triggered on the offered side and it almost got triggered on the bid side as well, thankfully.

However, the CPI, RPI and PPI data was mixed including the trade balance and the GBPUSD reflected it with a lack of momentum on the downside.

I decided to take profit at 1.2875 for a trading profit of 33bps.

As the UK is also squarely looking at recovery and growth, data such as CPI, PPI and RPI becomes relevant on the radar screen.  CPI, PPI and RPI was schedule at 5:30pm Asia time.

I didn’t observe that much noise in the media but since it is a relevant data, I decided to place my straddle trade at 5:24pm with the following details: –

GBPUSD   –   1.5147   –   1.5167   –   1.5187

Spot was at 1.5167 and SLs at spot, Stop if Bid at 1.5187 and Stop if Offered at 1.5147

As it turned out CPI moved up slightly and market didn’t seem interested so at 6:18pm, I decided to square the position at 1.5210 for a trading profit of 23bps.