I got caught wrong-footed in the today's massive anti-USD rally. I shorted the Pound around 1.5274. I also kept my short Aussie.

I got stopped on both positions when the 14:30 US News came out. Total gain for my AUD/USD short +33 pips or +16,400. Total loss on my GBP/USD short, a large 123 pips but only 26,500 due to the much smaller position in this pair.

The news was that both US Retail Sales and the PPI (Producer Price Index) came in substantially below market forecasts. This added to fears that the USA economy is slowing down, a scenario that likely delays any Fed rate hikes.
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