Forex News Trading: Trade for Tuesday, April 28, 2020

9:30 PM EDT
AUD CPI q/q
AUD/USD

The CPI, which normally drives interest rate decisions, is expected to drop from 0.7 to 0.2%. This is a guess that might be off by several percentage points, but in the current state of affairs will have little to no influence on future interest rate decisions.

Those will be driven by the speed of the slowly restarting economy which will take some time. Until there is stability and predictability expect little to no movement from these kinds of releases.

SETTINGS: Set buy/sellPips to 8 or 10 and get out if you are not live within a couple seconds. Trade extremely small lot sizes.

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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