FXWW News

Algos take a bath after data dump

The Chinese CPI came out a few seconds before the jobs data, and Algos were busy selling the AUD/USD through 1.0160. The good jobs data was initially under reported on Reuters and this caused more havoc among the Algos. Hope you had sell orders in at 1.0250!

  1. Hi Sean! Fortunately I reduced some EURAUD positions before employment report. Question is to add back now, wait later or sell the rest? The positive surprise was huge. Maybe we could see a deeper retracement towards 1.25~1.26?

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