Forex News Trading: Trade for Tuesday, June 13, 2017

4:30 AM EDT
UK CPI y/y
GBP/USD

In March we saw .2 with a 20 pip spike. Looks like it spiked about 20 and pushed to 35 in 4 minutes.

In April we saw .1. I didn’t check the movement.

In May we saw .1 with a 14 pi spike. It spiked up 14 pips then fell far below where it started. This was no surprise.

We really want to see .2 or greater on this and a sell would be much better given the recent weakening of the Pound. If you get a .2 sell you may want to close most after a minute or two and hold onto the rest to see what happens when the US markets open.

SETTINGS: Set country to 2 and buy/sellPips to at least 18.

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.
This entry was posted in News Trade Calls, News Trading, UK News Data and tagged . Bookmark the permalink.

2 Responses to Forex News Trading: Trade for Tuesday, June 13, 2017

  1. Roberto says:

    Hi, how could you explain the movement against you recently, thank you.

    • Barry Battista says:

      Good question Roberto. Here is what went on. The recent sentiment was fear of Brexit so the GBP was weakening. Then shortly before this news, there were rumors of meetings in the UK about a “soft Brexit”, which is viewed as good for the Pound. Then the CPI came out at .2 which was also good, however with such negative sentiment already out there the markets did not know what to do with all the information, so the Pound didn’t take a strong move either way but just sort of floated around. It is up a few pips now, but only about 30 or so.

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