Monthly Archives: April 2020

Forex News Trading: Trades for Wednesday, April 29, 2020

8:30 AM EDT US Advance GDP q/q XAU/USD As you know, this would normally be a good trade, but not now. The forecast is for a -3.9% contraction. As with all forecasts these days, it could be off by a … Continue reading

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Forex News Trading: Trade for Tuesday, April 28, 2020

9:30 PM EDT AUD CPI q/q AUD/USD The CPI, which normally drives interest rate decisions, is expected to drop from 0.7 to 0.2%. This is a guess that might be off by several percentage points, but in the current state … Continue reading

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Forex News Trading: Trades for week of April 26 – May 1, 2020

Well, societies are slowly starting to open back up. This will take awhile, probably weeks or months, but hopefully things will slowly get back to normal, including the markets. For next week the trades I will post are: Tue 9:30 … Continue reading

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Forex News Trading: Trade for Thursday, April 23, 2020

8:30 AM EDT US Unemployment Claims XAU/USD It is expected that over 4 million more people will have filed for unemployment in the last week. Again this is likely to miss by more than a million, but the move it … Continue reading

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Forex News Trading: Trades for week of April 19 – 24, 2020

Well, the markets are still frozen like a deer in the headlights. Expect more of the same next week. I am hopeful that we are now on the downhill slope of this thing and after a couple more weeks, things … Continue reading

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Forex News Trading: Trade for Thursday, April 16, 2020

8:30 AM EDT US Unemployment Claims XAU/USD The forecast is for 5,350,000 new unemployment claims. Again this could miss by millions up or down. I cannot predict the movement on this. Might come out higher, might come out lower. I … Continue reading

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Forex News Trading: Trades for Wednesday, April 15, 2020

10:00 AM EDT CAD Overnight Rate USD/CAD The BoC lowered the rate by 0.50 basis points on March 27, down to 0.25%. They are now looking at other options to get much needed cash into the economy. They did state … Continue reading

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Forex News Trading: Trades for week of April 12 – 17, 2020

I forgot to post the US CPI for Friday. The deviations were -.1 and -.2. I didn’t do this but with the corona virus scare and it being a bank holiday for much of the world (Good Friday) the movement … Continue reading

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Forex News Trading: Trade for Thursday, April 9, 2020

8:30 AM EDT CAD Employment Change USD/CAD As with the NFP, there is no need to look at past trades. The expectation is a loss of 427,000 jobs. This will likely be off by hundreds of thousands, but it won’t … Continue reading

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Forex News Trading: Trade for Tuesday, April 7, 2020

12:30 AM EDT AUD Cash Rate AUD/USD The RBA dropped the rate in March from 0.75% to 0.25%, a record low. There are other things they can do, like buy bonds, so it is not expected they will do anything … Continue reading

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