Forx News Trading: Trades for week of March 15 – 20, 2020

This past week there was only 1 trade on the books at the beginning of the week, and that was the US CPI. As expected, due largely to this virus, there was no movement on the small deviation.

It looks like the BoC decided to lower their rate by 0.50% in an emergency meeting and this showed up in Forex Factory this morning (Friday) even though it appears to have happened at the beginning of the week. The USD/CAD is up 600 pips since the beginning of the week.

Anyway, with the virus scare all trades are way more risky. The trades I will post are:

Wed 8:30 AM – CAD CPI
Wed 2:00 PM – US Federal Funds Rate
Wed 4:45 PM – NZD GDP q/q
Wed 7:30 PM – AUD Employment Change

NOTE – The times of these trades appears to be messed up on Forex Factory. They have the CAD and US trades one hour earlier than I show here. Be sure to check the post on Tuesday for the correct time of all four trades.

Have a great weekend and stay safe.

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 AUD News Data, CAD News Data, News Trade Calls, News Trading, NZD News Data, US News Data and tagged , , , . Bookmark the permalink.

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