High Impact News Trading Forex


Trading news is harder than it may sound. Not only is the reported consensus figure important, but so are the whisper number and the revisions. Also, some releases are more important than others; this can be measured in terms of both the significance of the country releasing the data and the importance of the release in relation to the other pieces of data being released at the same time.

When Are News Releases Issued? The Figure lists the approximate times (EST) at which the most important economic releases for each of the following countries are published. These are also the times at which you should be paying extra attention to the markets if you plan on trading news releases. 

Country Currency Time (EST)
U.S. USD 8:30 - 10:00
Japan JPY 18:50 - 23:30
Canada CAD 7:00 - 8:30
U.K. GBP 2:00 - 4:30
Italy EUR 3:45 - 5:00
Germany EUR 2:00 - 6:00
France EUR 2:45 - 4:00
Switzerland CHF 1:45 - 5:30
New Zealand NZD 16:45 - 21:00
Australia AUD 17:30 - 19:30

What Are the Key Releases? 
 When trading news, you first have to know which releases are actually expected that week. Second, it is key for you to know which data is important. Generally speaking, these are the most important economic releases for any country:
1. Interest rate decision
2. Retail sales 3. Inflation (consumer price or producer price)
4. Unemployment
5. Industrial production
6. Business sentiment surveys
7. Consumer confidence surveys
8. Trade balance
9. Manufacturing sector surveys
Depending on the current state of the economy, the relative importance of these releases may change. For example, unemployment may be more important this month than trade or interest rate decisions. Therefore, it is important to keep on top of what the market is focusing on at the moment.


Sourced By Kathy Lien: investopedia.com



These may interest you:

Receive Updates Free

Comments
0 Comments

0 comments:

Post a Comment

If you like this post,please leave your comment: