Forex News Trading: Trades for week of January 26 – 31, 2020

We are in Florida and settled in now and doing more stuff outside the house so I missed all the trades this week. But here is a summary.

The CAD CPI came out at 0 and barely moved.

The CAD Overnight Rate came out at 0 as expected.

The AUD Employment Change came out at 16.7 and -.1 with a 35 pip move in the first minute. It retraced maybe 5 by the end of the minute. It crept up very slowly from there over the next 17 minutes.

The NZD CPI q/q came out at .1 with a 15 pip move in the first minute. It spiked up 15 on the small deviation and retraced fully in the first minute, then pushed back up 10 or so in the next couple minutes.

Looks like the AUD trade was the best chance to make a few bucks.

For next week the trades I will post are:

Tue 7:30 PM – AUD CPI q/q
Wed 2:00 PM – US Federal Funds Rate
Thu 7:00 AM – UK Official Bank Rate
Thu 8:30 AM – US Advance GDP q/q
Fri 8:30 AM – CAD GDP

We really need to be careful of UK trades due to the upcoming Brexit. Looking forward to that being behind us one way or the other so the dust can settle and UK trade can get back on the radar of economists.

Anyway, have a great weekend. See you next week.

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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