Forex News Trading: Trades for week of April 5 – 10, 2020

Happily we are out of March, but the seas still look ugly as far out as is possible to see.

The NFP today shows just how far into the twilight zone we are. The estimate missed the actual by -601K jobs and the unemployment rate spiked up by .6 above the expectation, heretofore believed impossible. Only the Avg Hourly Earnings were up. But there was almost no movement at all! No big spreads, no nothing. No sense.

The Unemployment Claims trade on Thursday appears to have had some huge movement, but I was travelling and did not get to see what happened.

So here we are, looking back fondly to a time only a few short weeks ago when we thought the future was blindingly bright.

There are only a couple red folders next week. And it is hard to imagine any of the releases really mattering. But here they are:

Tue 12:30 AM – AUD Cash Rate
Thu 8:30 AM – CAD Employment Change
Fri 8:30 AM – US CPI

Friday is a bank holiday in Canada, thus the Employment trade is on Thursday.

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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