Forex News Trading: Trade for Thursday, July 2, 2020

8:30 AM EDT
US Non-Farm Employment Change
XAU/USD

It is expected the US will gain a little over 3 million jobs for June. This seems reasonable but it could deviate quite drastically from that number. I doubt we will see much follow through but could see a decent spike if the number comes out much different from this, and particularly if it comes out higher.

The markets are looking for signs that things are slowly getting back to normal. This would be one small sign. Don’t look for much here, but it is possible we could see a spike and quick retracement.

SETTINGS: Set buy/sellPips to maybe 8 or 10 and get out pretty quickly whether you get in or not.

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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