Making Pips From News Trading (3): CHF (Swiss) CPI

The News Trading Program executed its first news trade for the month in the USD/CHF market this morning. The Swiss CPI reading was released lower than expected this time round.


We successfully captured our first target +25 pips, but unfortunately due to the larger-than-expected price retracement, the 2nd position was out only at +13 pips. The price had rebounded strongly soon after the program's exits. :( unlucky....

Note that the the currency markets are currently in a chaos mode, as the unwinding of carry trades intensifies and the US dollar continues to surge ahead. Furthermore, this week will also see the releases of several interest rate announcements, the European Central Bank press conference and US Non-farm Payrolls (NFP) job report.

I will be covering all the above major news trading events as part of the news trading service. This could be the most important and exciting week in the forex market when comes to trading the forex news events. Stay tune for more updates.

Previous posting:
Making Pips from News Trading - CAD GDP & US Chicago PMI (Fri, Aug 29)