Fores News Trading: Trades for week of June 7 – 12, 2020

Well, the week was another dud until today. I personally didn’t make any pips because the US NFP went out at zero, but we did see a huge jobs gain in favor of the Dollar and an actual move with some follow through. The markets will be elated to see the economy on the upswing and should hopefully start reacting in a more forceful manner to the news.

In the NFP, the spike was about 16 or so. My order went in and was instantly set to zero, but a single tick back took me out though as the spread was north of 20.

Looking ahead is appears to be a strangely quiet week for the second week of the month. The trades I will post are:

Wed 8:30 AM – US CPI
Wed 2:00 PM – US Federal Funds Rate

That’s it. Almost no red folders. Looks like a bunch of trades the following week. Hopefully other pairs will start moving again also.

Have a great weekend.

About Barry Battista

I am a software guy that started trading in 2006. I have been trading the news for a living ever since. Eventually I wrote some code to help a friend and I improve our odds, and gradually the software took on a life of its own. My intention is to adapt this trading style to the ever changing Forex markets to always provide the trader with the tools and information to give them the maximum odds of a profitable trade.
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