Forex News Trading: Trade for Thursday, June 18, 2020

7:00 AM EDT
UK Official Bank Rate
GBP/USD

The rate is expected to remain at 0.10% and the MPC is expected to vote 0-0-9 to leave the rate where it is for now. It seems quite unlikely anyone would vote to start raising the rate given the unsettled nature of things these days. Not really sure it would move much even if someone did vote to raise it.

I’d trade sparingly.

SETTINGS: Set buy/sellPips to 35 and get out if there is not a huge spike within a couple seconds. Even if there is I’d get out quick since the follow through will not likely be strong.

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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