Forex News Trading: Trade for Tuesday, June 30, 2020

8:30 AM EDT

The GDP is forecast to drop from -7.2% to -10.5%. I personally would not expect a big move, or even a small move, if they miss their guess by a lot. We are still in uncharted territory, but my guess is that unless it came out actually positive, say +1.0% or something like that, we will see very little movement. The odds of this are extremely small.

Trade sparingly if at all.

SETTINGS: Set buy/sellPips to maybe 10 and get out fast whether you go live or not.

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

Leave a Reply

Your email address will not be published. Required fields are marked *