Forex Calendar - Real-time Info on Data Releases

The market can be heavily reactive to news developments, especially during the moment leading up to the announcement and the moment right after the announcement. This causes the market to be highly volatile and prices to move very quickly, which can be both good and bad for traders.

Continue Reading at Trading around Headlines: Is It Worth the Risk?

• Always check the economic calendar before the trading day.
• Remove unnecessary data from the calendar. Clean your calendar by removing the countries that you don't follow and economic data that does not have huge impacts on your trades.
• Be the first people to receive the news. The calendar gives you information on what to expect, but some events are completely unexpected. Thus, you also need to check other sources such as Twitter or local news.

Continue Reading at Trading around Headlines: Is It Worth the Risk?

Some data that are considered are GDP, inflation, price indexes, employment rates, housing markets, and manufacturing indexes.

Macro traders look at the data on a country-wide scale and compare it to other countries. No single indicator is considered in isolation. Instead, macro traders focus on the economic figures to develop an overall picture of the future economy of a company or country.

Continue Reading at Macro Trading: A Fundamental Approach to Your Strategy

Different news affects the currency market differently. Some news has a higher impact than others. Here is an example:

The bull's head indicates how impactful a piece of news could be. On a scale of one to three, one bull's head represents the least impactful news, while three bull's heads identify the most impactful news. It is worth noting that many recommend only trading the most impactful news as they are usually capable of making a difference in the price movement.

Continue Reading at 5 Key Tips on Trading with the News