PPI News

Was away from my trading desk during the 8:30 AM PPI announcement. My thinking was that if core PPI was strong then USD would rise and EUR would fall. For some quirky reason, however, core PPI was surprisingly strong and USD retreated and EUR rose!!??!!

Rather than scratch my head over that conundrum, I waited for the rise in the EUR to stall and then shorted both EUR and GBP. They drifted lower for the balance of the day and I closed both trades picking up 12 pips on EUR and 20 pips on the more volatile GBP. Nice trading day with practically no movement toward my stops.

Geez if only every day was as stress-free as today!