Forex News Trading: Trades for week of March 22 – 27, 2020

It looks like the US Federal Funds Rate was cancelled.

Of the other trades, the only one that looks like it moved was the NZD GDP which gapped down 15 and pushed to about 30 in 9 minutes before retracing.

Looking ahead to next week there is really not much other than the UK Official Bank Rate. I would be extremely cautions with these trades until this madness subsides. Looks like London was largely shut down today so it wouldn’t be a big surprise if this one was cancelled also.

The BoE lowered the rate twice in March already to just above 0. I doubt they will mess with it again any time soon, but if they do, it will not likely be at some pre-determined date and time. Just like the others, it will happen whenever they think it needs to happen.

The trade I will post is:

Thu 7:00 AM – UK Official Bank Rate

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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2 Responses to Forex News Trading: Trades for week of March 22 – 27, 2020

  1. Hi Barry, it true it will change after the effect of the COVID-19. But online trading may have a major problem during the problem.

    • Barry Battista says:

      Hey George. On-line trading will definitely have problems during this period. We might get some big moves but they will be very unpredictable. We will have to watch it for a few trades, like the upcoming NFP to see how this whole mess affects these kinds of trades. It is impossible to guess where the employment numbers will come out this time so there will likely be a big move, but also bug spreads and lots of volatility.

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