Trading According to News Releases
- When you decide to start trading according to forex trading news, a technique that is becoming more and more popular each day, there are two questions you need to ask yourself:
- Which pairs should I focus on?
- When are the most important forex news released?
- Forex trading news can become quite a significant tool in your trading arsenal. Indeed, the forex market is highly susceptible to news releases, which often trigger strong short-term moves in the market, providing therefore a great opportunity for breakout traders. Given the fact that the forex market is a worldwide market opened 24 hours a day (see forex market times), there are huge opportunities for catching market volatility.
- Which Pairs should I focus on?
Here is a list of the top currencies that you should focus on when you scan news about currency trading: Symbol Country Currency Nickname USD United States Dollar Buck EUR European Union Euro Fiber JPY Japan Yen Yen GBP Great Britain Pound Cable CHF Switzerland Franc Swissy CAD Canada Dollar Loonie AUD Australia Dollar Aussie NZD New Zealand Dollar Kiwi - You shoud therefore keep an eye on any pair formed by two of the currencies listed above.
- When are important forex trading news released?
The list below displays the times when the most important economic data is released in each country. Symbol Country Time (GMT) USD United States 13:30 - 15:00 EUR Germany 07:00 - 11:00 EUR France 07:45 - 09:00 EUR Italy 08:45 - 10:00 JPY Japan 23:50 - 04:30 GBP Great Britain 07:00 - 09:30 CHF Switzerland 06:45 - 10:30 CAD Canada 12:00 - 13:30 AUD Australia 22:30 - 00:30 NZD New Zealand 21:45 - 02:00
Forex trading news are also known as weekly or daily forex analysis which give traders detailed information about the day's movements. Reading forex trading news everyday will help you stay updated about changes in the currency trading market.