Forex News Trading: Trades for Wednesday, June 10, 2020

8:30 AM EDT
US CPI
XAU/USD

The forecast is the the CPI to go from -0.8 to 0.0%. The CPI should return to normal within another month or two. Whether the markets will react to this or not remains to be seen, but it will be worth a look.

I would get out fast if you get in.

SETTINGS: Set buy/sellPips to maybe 8 and get out one way or the other relatively quickly. Hopefully you can snag a few pips.

2:00 PM EDT
US Federal Funds Rate
XAU/USD

I don’t see any predictions about this. Forex Factory indicates the rate will remain the same, and for now that is likely. If you trade it and want to be safer, do a sell only.

SETTINGS: Set buy/sellPips to maybe 25 or 30. Get out right away if there is not a huge spike. Set sellOnly to “y” if you want to be more cautious.

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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