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Tag Archives: unemployment claims

Unemployment Claims is clearly a data that is on the radar screen of the Fed.  So, it impossible not to be read to pounce on an opportunity if it happens.

So at about 9:27pm, I decided to put in a straddle trade with the following details: –

EURUSD   –   1.0651   –   1.0677   –   1.0697

GBPUSD   –   1.5245   –   1.5265   –   1.5285

Unemployment claims came out FLAT at 271K versus expectations of 272K.

I withdrew the trade 1o minutes after the announcement as rates were not going anywhere.

A potential data that could be volatile though noise in the media was somewhat muted.

Everyone seems to be looking forward to Yellen speech at 10:3opm at the Conference of Monetary Policy, Washington DC.

I decided to put on my straddle at 9:28pm with the following details: –

EURUSD   1.0704   –   1.0724   –   1.0744 with spot at 1.0724 and SLs at spot

As it turned out unemployment claims came in about par at 276K versus expectations of 270K.

EUR moved slightly by about 15bps and flatline, so I decided to withdraw the trade.

I decided to switch my attention to the EUR and at 9:24pm, placed my straddle as follows: –

EURUSD      1.0860   –   1.0880   –   1.0900 with spot at 1.0880 and SLs at 1.0880.

Unemployment claims came out slightly higher at 276K versus forecast of 263K.

EURUSD went up slightly to 1.0893 and I decided to withdraw the trade.